FIFA proposes $6.3 billion funding for soccer development, $25 million for each association
FIFA is proposing a $6.35 billion development fund for its 211 member associations, significantly increasing the allocation for each to $25 million over the next four years. The funding is supported by record revenues from the 2022-26 World Cup cycle.
Why it matters
This massive financial distribution aims to bolster global soccer development and may serve to consolidate support for FIFA President Gianni Infantino ahead of his reelection bid.
SAO PAULO (AP) — FIFA will propose to its members a $6.35 billion development fund for the next four-year cycle, including a boosted amount of $25 million for each national association, two people with knowledge of the plan and a letter reviewed by The Associated Press confirmed Tuesday.
Soccer's world governing body planned to use the financial success of the latest World Cup to enhance investment in the sport's development across 211 FIFA member associations, confederations and other stakeholders. Originally, each association was to receive $10 million for the four-year period.
FIFA planned to distribute more than $3.5 billion from its financial reserves which were boosted with the success of its 48-team World Cup, said two officials, who spoke on condition of anonymity because the proposal had not been announced.
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