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AL24 News
UEFA and CONCACAF Leaders Call for FIFA Funds Review
European and North American football associations are calling for an independent review of FIFA's finances, along with a proposal to distribute $2.1 billion to the 211 member associations between 2027 and 2030. This request comes after the cancellation of the "FIFA Forward Enterprise" project, which aimed to sell FIFA competition rights to external investors, due to widespread opposition. Financial analysis indicates that FIFA currently holds reserves of approximately $6 billion, with the capacity to distribute much larger sums to the associations without the need for external investments, as the reserves would remain above the recommended minimum even after distribution. The officials have called for an independent assessment of the figures and assumptions before any decisions are made to ensure transparency, pointing out that FIFA currently has the capacity to allocate more resources to support the development of football within national associations.
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