Nov 07:The winners of Euro 2004 could bank as much as £12m after Uefa announced an increase in the tournament's prize fund. A record amount of total prize money is on offer, up 66% on Euro 2000 from £52.4m to £87.3m.

Each country that qualifies for Euro 2004 will be paid £3.3m, with nearly £500,000 awarded for a first-round win.

The eight quarter-finalists will each receive a further £1.3m, with another £1.7m on offer for the semi-finalists.

The winners get a further £4.4m, while the runners-up will be awarded £2.6m.

The decisions were taken by Uefa's executive committee and announced after their two-day meeting in Kiev.

Bureau Report