Infantino seeks review of FIFA funding strategies

Gianni Infantino, the President of FIFA, has ordered an assessment of proposals to distribute additional funds to national associations following calls from UEFA and CONCACAF for FIFA to release $2.1 billion from its reserves. The results of the assessment will be presented to the FIFA Council on October 15, with any additional funding requiring approval from the board after financial due diligence. The goal of the evaluation is to ensure that any money distribution is responsible and transparent, while maintaining necessary reserves to protect FIFA's financial independence, supporting associations facing structural costs, and upholding democratic governance and transparency.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article