Man City are set to learn their opponents later on Thursday for next summer's FIFA Club World Cup - the most lucrative edition of the tournament to date following a total revamp.

Supporters of Man City will remember their club lifting the trophy midway through the 2023/24 campaign. That occurred in the tournament's previous format, before FIFA decided it best to instead stage a 32-team spectacle between seasons every four years like their World Cup for national teams.

Qualifying because of their high UEFA coefficient score, Man City are set to head to the United States next June to compete for the grand prize. A group stage draw will take place at 6pm GMT on Thursday which will determine the four-team groups for the opening stage next June.

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Pep Guardiola's men have been placed in pot one for the draw, and will wait to see who they face. Other teams from Europe competing are Chelsea, Real Madrid, Bayern Munich, Paris Saint-Germain, Borussia Dortmund, Inter Milan, FC Porto, Atletico Madrid, SL Benfica, Juventus and FC Salzburg.

They will be joined by more notable teams from across the planet including Flamengo, Palmeiras, River Plate, Fluminense, Al Hilal and Inter Miami.

Despite some outcry over the matches it adds to the calendar, invited clubs are on track to pocket a tidy sum of money regardless of how deep into the tournament they go. To demonstrate the wealth behind the Club World Cup, FIFA just confirmed a $1bn TV broadcasting rights deal with streaming platform DAZN, who will provide free-to-view global coverage.

To start, Man City - and every other club - will be awarded approximately $50m (£39.3m), according Sports Illustrated. The winner of the entire tournament would also take home another $100m (£78.6m) - the largest prize in world club football ever.

There would also be other bonuses awarded for the rest of the clubs that make it to lesser stages, or for winning a number of matches, which takes the total reported prize pot to a total of $2.65bn (£2.08bn). FIFA will confirm their totals at a date closer to the tournament's start.

Putting that into perspective, the 2023 tournament won by Man City in the previous format gave them $6.3m (£5m) in winnings from a total pot of $16m (£12.5m).