IFA to receive a £2m bonus after squad secures spot in the last 16
The Irish Football Association is set to make an extra £2m after Northern Ireland claimed their last-16 place in the Euros.
Patrick Nelson, chief executive of the IFA revealed the €2.5m bonus and said it would be pumped back into local communities over the coming years.
Mr Nelson added the organisation stood to make further millions through Northern Ireland's qualification and success in the tournament.
The IFA received £8m for the team's qualification in the competition, but a huge amount of that went to the cost of attending the tournament and covering the rewards for players.
Speaking on BBC Radio Ulster, Mr Nelson said he hoped to make a legacy out of the qualification money.
"We got around £2m over the three games that we played, including the fact we are through to the round of 16 now this weekend," he added.
"We also need to reward the players. The IFA will reward the players for actually creating these special moments for the whole country."
When asked how much was left to spend once all the costs were factored in, he replied that that would be worked out at the end of the tournament.
"We could be here for quite a few days and there's more work to be done," he said.
"The key thing to bear in mind is that we are a company that is owned by its membership, and our job is to provide football throughout the country for everyone who wants to play.
"One of the most important things is it's been 30 years since we last stood here. Let's make sure it's not 30 years next time.
"I think we will try and invest a fair amount of this in the next few years on our development programme to try and give our young boys and girls in Northern Ireland the best chance of becoming solid footballers over the coming years."
He added that the IFA carried out training work in football clubs and schools and was always searching for fresh talent in Northern Ireland.
The Republic's dramatic victory over Italy last night will also boost the Football Association of Ireland's coffers.
The amount of cash received by the Irish Football Association for Northern Ireland's qualification in the Euro 2016 finals