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FIFA to spend $6.35bn on football development from 2027 to 2030 – Report

FIFA plans to spend $6.35bn on global football development between 2027 and 2030, following a proposed increase in funding to member associations. Read More: https://punchng.com/fifa-to-spend-6-35bn-on-football-development-from-2027-to-2030-report/

FIFA to spend $6.35bn on football development from 2027 to 2030 – Report

FIFA plans to allocate $6.35 billion for global football development from 2027 to 2030, marking a substantial $3.4 billion increase in funding for member associations and other football bodies. This proposed increase, which could potentially double the initial budget, is contingent on the commercial success of the recently concluded World Cup.

The proposal is set to be discussed at the FIFA Council meeting on Thursday, following criticism surrounding President Gianni Infantino's FIFA Forward Enterprise (FFE) plan, which involved selling stakes in FIFA competitions to private investors. UEFA, Concacaf, and the Asian Football Confederation have all expressed concerns over the proposed funding distribution, urging FIFA to allocate at least $10 million per member association.

Under the new plan, each member association would receive $25 million, while the six continental confederations would get $99 million each. The funding will be directed towards infrastructure, women's football, youth development, and other projects, with one-third allocated to women's and youth football, another third to infrastructure, and the remaining third to various initiatives.

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

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