Winner of Euro 2012 could rake in $34M

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NYON, Switzerland -- The winner of the 2012 European Championship will receive up to $34 million.

UEFA agreed at its executive committee meeting to put aside $280 million to split between the 16 finalists, an increase of $17 million from Euro 2008.

Each team will receive $11.4 million for qualifying. In the group stage, UEFA will give teams $1.4 million for each of three wins and $715,000 for draws, while the third-place team picks up a $1.4 million bonus.

The quarterfinalists will receive $2.9 million, the semifinalists $4.3 million, the runners-up $6.4 million and the winner $10.7 million.

The European soccer body's executive committee also announced Friday it will extend the ban for players who deliberately incur yellow cards in UEFA competitions to two matches.

Copyright 2011 by The Associated Press

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