FIFA to offer members US$6.35-billion development fund windfall
PARIS: Football’s world governing body FIFA is planning to set up a US$6.35-billion development fund for the next four years, AFP learned Wednesday from a source close to the matter.
FIFA plans to establish a US$6.35-billion development fund over the next four years, with the details to be approved by its Council meeting in Zurich. The fund, partly funded by the federation's financial reserves following a successful 2026 World Cup, aims to distribute US$25 million to each of its 211 member federations. This development fund surpasses the US$10 million proposed by FIFA president Gianni Infantino's critics, Aleksander Ceferin and Victor Montagliani.
The announcement comes amid ongoing governance issues in world football following Infantino's controversial plan to allow private investors into FIFA's premium competitions, which was ultimately abandoned. Infantino is currently seeking re-election in March 2027, with his opponents yet to agree on a candidate.
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