FIFA to Allocate $6.35 Billion for Football Development
FIFA is set to spend $6.35 billion on global football development between 2027 and 2030, following a proposed $3.4 billion increase in funding to member associations and other football bodies. This increase is attributed to the commercial success of the recent World Cup.
The proposal will be discussed at a FIFA Council meeting on Thursday, amid scrutiny of FIFA President Gianni Infantino's FIFA Forward Enterprise plan, which faced opposition from UEFA, Concacaf, and the Asian Football Confederation. Under the new proposal, FIFA will raise its existing development funding budget from $2.7 billion to $6.35 billion for the 2027-2030 cycle.
Each member association is expected to receive $25 million, while continental confederations will get $99 million. The funding will focus on infrastructure, women's football, youth development, and other projects, with one-third allocated to women's and youth football development.
The FIFA Council will finalize eligibility criteria and disbursement arrangements by December 2026, with the proposal requiring approval at the 77th FIFA Congress in March 2027.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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