24 Hrs
Source:
الاقتصادية
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$5.3B to settle FIFA disputes
The International Football Federation "FIFA" has proposed increasing the funding allocated to 211 national associations to approximately $5.3 billion during the 2027–2030 cycle, aiming to address financial and administrative disputes with continental federations. This comes in response to the failure of a plan to raise $4.2 billion from investors in exchange for commercial rights, including World Cup rights, following objections from European, Asian, and American federation presidents. FIFA suggests distributing a portion of the funding, $15 million to each federation, through three channels: supporting operational expenses, developing infrastructure, and long-term development projects, with funds available until the end of 2036. This comes amid pressures regarding financial resource management and governance, as FIFA President Gianni Infantino prepares to run for re-election in 2027, amidst discussions about the future of FIFA's commercial rights and its financial reserves.
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