UEFA, CONCACAF urge FIFA to make $2.1 billion payout
UEFA and CONCACAF demand FIFA release $2.1 billion from reserves to fund member associations following private equity controversy.
UEFA and CONCACAF have urged FIFA to release a minimum of $10 million to each of its 211 member associations for the 2027-30 cycle, according to a letter sent to FIFA president Gianni Infantino. The proposed distribution would cost FIFA around $2.11 billion and would be in addition to the organization's regular funding. UEFA president Aleksander Ceferin and CONCACAF president Victor Montagliani argue that FIFA has enough accumulated reserves to make the one-time payment and that the money should be used for infrastructure and football development.
They also call for an independent review of FIFA's finances and for development funding to be treated as an institutional responsibility rather than a matter of individual discretion. The letter follows the withdrawal of the controversial FIFA Forward Enterprise (FFE) proposal, which aimed to create a new company to manage commercial and ticketing rights.
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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 make $2.1 billion payout to member groups amid funding row france24.com
- Uefa & Concacaf demand Fifa pays $10m to all 211 members bbc.co.uk
- 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
