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Infantino orders FIFA funding review after UEFA, CONCACAF seek $2.1 billion payout

Infantino orders FIFA funding review after UEFA, CONCACAF seek $2.1 billion payout

FIFA President Gianni Infantino has ordered an assessment of proposals to distribute more money to national associations, following calls from UEFA and CONCACAF for a $2.1 billion payout from the governing body's reserves. In a letter to the six continental confederation presidents, Infantino said the assessment would go before the FIFA Council on October 15, with any additional funding subject to financial checks and formal approval.

UEFA President Aleksander Ceferin and CONCACAF President Victor Montagliani proposed that each of FIFA's 211 member associations receive at least $10 million during the 2027-30 cycle, in addition to existing development funding, and also sought an independent review of FIFA's reserves.

Brief written by urgent.news from Channel News Asia's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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