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FIFA allocates 10 billion dollars to national associations
The International Federation of Football (FIFA) announced its readiness to fund football development programs with amounts exceeding 10 billion dollars, contingent upon approval from the 211 national associations. The support is divided into two main pathways: the first involves immediate exceptional funding of 20 million dollars for each association to finance infrastructure projects; the second is a support program spanning three future terms, during which each association's periodic budget will increase from 8 million dollars to 20 million dollars in 2027-2030, then to 22 million dollars between 2031 and 2034, and finally to 24 million dollars from 2035 to 2038. Additionally, FIFA plans to establish a commercial company called "FIFA Forward" to consolidate commercial rights, aiming to raise 4.2 billion dollars in 2023 to fund the program, with asset valuation at 20 billion dollars, involving investors with minority ownership stakes.
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