UEFA, CONCACAF demand FIFA make $2.1 billion payout to member groups amid funding row
UEFA and CONCACAF chiefs have urged FIFA President Gianni Infantino to release around $2.1 billion from the governing body's reserves, calling for each of its 211 member associations to receive $10 million over the 2027-30 cycle. The demand comes amid tensions over Infantino's proposed sale of a stake in the World Cup to private investors, which was shelved after a backlash from European football.
UEFA and CONCACAF are urging FIFA to release $2.1 billion from its reserves to fund its 211 member associations. According to a letter signed by UEFA president Aleksander Ceferin and CONCACAF president Victor Montagliani, FIFA is expected to close the 2023-26 financial cycle with reserves of around $6 billion, which they believe is more than the organisation needs to operate until the 2030 men's World Cup.
The proposed distribution would see each member association receive $10 million over the 2027-30 cycle, to be used for infrastructure projects and football development. This payment would be separate from FIFA's regular funding programmes.
The demand comes amid tensions over FIFA president Gianni Infantino's proposed sale of a stake in the World Cup to private investors, which was shelved after a backlash from European football, according to France 24.
Brief written by urgent.news from France 24, IOL, 3News, Punch, Punch Nigeria — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- UEFA, CONCACAF urge FIFA to release $10m to member associations punchng.com
- Uefa and Concacaf push for $10m payout to all 211 Fifa members 3news.com
- Uefa & Concacaf demand Fifa pays $10m to all 211 members bbc.co.uk
- UEFA, CONCACAF urge FIFA to make $2.1 billion payout iol.co.za
- UEFA, CONCACAF challenge FIFA on reserves and demand $10m payout to members aljazeera.com
- UEFA and CONCACAF challenge FIFA on reserves after aborted stake sale plan channelnewsasia.com