FIFA's new 32-team club tournament has a total prize pot of $1 billion, with a huge jackpot for the winning team.

Chelsea have won the Club World Cup as they secure a second piece of silverware in as many months and with it a staggering prize pot worth a record $1billion (£726million). The Blues beat Fluminense in the semi-finals on Tuesday to take home £22m in prize money alone. Victory in the final earned them another £7.5m.

Club World Cup’s revamped format will see a vast pot of prize money divvied out among its competitors, with it still possible that Chelsea will bring home the lion’s share.The new 32-team summer tournament,