FIFA seeks $6.3 bn funding for soccer development

FIFA is set to propose a staggering $6.35 billion fund for soccer development between 2027 and 2030, according to a document reviewed by The Associated Press. The proposal, which includes a significant increase in funding for each national association, aims to leverage the financial success of the latest World Cup to boost investment in football worldwide.

Each national association will receive $25 million, nearly double the originally planned $10 million, according to the document dated October 14. This increase comes as European soccer leaders seek a candidate to challenge incumbent FIFA president Gianni Infantino. Infantino's controversial plan for the 48-team World Cup, which was abandoned shortly after its unveiling, has fueled calls for change.

The financial plan is still in the final stages and will be reviewed by FIFA's council in December 2026 before being approved by the 77th FIFA Congress in March 2027. Additionally, FIFA will allocate $99 million to each of the six continental confederations. If approved, this move will significantly augment the planned distribution funding for the 2027-2030 period, with a particular emphasis on enhancing women's and youth football development.