UEFA, CONCACAF urge FIFA to release $10m to member associations
UEFA and CONCACAF have urged FIFA to release at least $10 million to each of its 211 member associations from its accumulated financial reserves. Read More: https://punchng.com/uefa-concacaf-urge-fifa-to-release-10m-to-member-associations/
UEFA and CONCACAF have jointly urged FIFA to release $10 million to each of its 211 member associations from its accumulated reserves for the 2027-30 cycle, according to a letter sent to FIFA president Gianni Infantino. The proposed distribution, which would cost FIFA approximately $2.11 billion, is in addition to the organization's regular funding for the 2027-30 cycle.
The letter argues that FIFA is financially strong enough to make this one-off payment and calls for an independent review of the organization's finances, suggesting that prudence should not prevent the responsible release of funds beyond FIFA's foreseeable needs. The request for a distribution comes amid ongoing disputes over FIFA's Financial Fair Play (FFE) proposal, which was eventually withdrawn following widespread opposition.
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