Winners are awarded the EFL cup and prize money based on the position of the team and the final table. The purpose of the award is to cheer up the winners more. This EFL Cup is historically referred to as the League Cup and it is now known as the Carabao Cup due to its sponsorship. It is an annual knockout football competition and is organized by the English Football League. Check EFL Cup 2022 Prize Money Breakdown.
It is open to any club within the top four tiers of the English Football League system, with a total of 92 clubs, including the top tier Premier League and the current three divisions of the English Football League. In this league 124 teams participate in the first round. In the long tradition of competition, simply lifting the FA Cup trophy represents the career achievement of most players.
EFL Cup 2022 Prize Money Breakdown: How much Money winner Will get paid?
Manchester City won the EFL Cup after beating Tottenham Hotspur in the final at Wembley last season. At that time Manchester City was paid only 100,000 pounds, and the runners-up were given 50,000 pounds.
Although the League Cup and the EFL Championship are one of the four local trophies won by English alliance groups, they are considered less important than the class title or the FA cup.
The winners of the association cup will be awarded 100,000 pounds again. The 70 teams that participate in the first round will receive 5,000 pounds. All 50 teams participating in the second round will receive 7,000 pounds in prize money. Sixteen losing teams will collect 10k pounds from the third round.
The EFL Cup quarter-finalists will receive 20k pounds and the four semi-finalists will receive 25k pounds. The team that loses in the final and is runners-up will receive 50,000 pounds in cash. But if they somehow qualify for the Premier League, they will have a chance to play in the Europa League next season.
ALSO CHECK: EFL Cup Championship Winners Name List, Check also Most Popular Team
Conclusion
This is a very good competition and it pays a very good amount to win a trophy. At the same time, it gives the team some confidence. But above all, it is important to remember that a tournament is not a free win.