FIFA proposes $6.3bn development fund for 2027-2030 cycle

Summarised from 2 outlets · Updated 14 Oct, 09:33 · Archive

FIFA will propose a $6.35 billion development fund for soccer between 2027 and 2030, with each of its 211 member associations to receive $25 million. This represents an increase from the original plan to give each association $10 million for the four-year period.

The proposal aims to use the financial success of the latest World Cup to enhance investment in the sport's development across confederations and other stakeholders. FIFA plans to distribute more than $3.5 billion from its financial reserves, which were boosted by the success of the expanded 48-team format. The organisation estimates approximately $15 billion in revenue in the current 2022-26 cycle, including the men's World Cup hosted by the United States, Canada and Mexico, significantly above projections.

FIFA president Gianni Infantino sent the proposal to continental confederation leaders on 28 September. In his letter, Infantino stated: 'FIFA's financial success must serve football and all FIFA's 211 member associations.' The plan is expected to be finalised at an upcoming FIFA council meeting and approved at the congress in March.

How it is being reported

• FIFA will propose $6.3 billion funding for soccer development, AP sources sayFIFA will propose to its members a $6.35 billion fund for soccer development between 2027 and 2030, 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 on Tuesday.Clickorlando · 14 Oct, 02:29
• FIFA will propose $6.3 billion funding for soccer development, AP sources sayFIFA will propose to its members a $6.35 billion fund for soccer development between 2027 and 2030, 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 on Tuesday.News4Jax · 14 Oct, 02:29

In this story: FIFA · Gianni Infantino · United States · Canada · Mexico · UEFA

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