FIFA pledges $9.7 billion investment in world football through 2026
December 16 - FIFA has announced that the budget for the 2023-2026 cycle will see £9.7 billion invested in football as global coverage expands its competitions and ambition.
FIFA has confirmed that its revenue at the end of 2022 will reach $7.5 billion, which is $1 billion more than expected. The FIFA Council, meeting ahead of the World Cup final in Doha, approved the 2023-2026 budget which forecasts revenues of $11 billion, allowing the disbursement of $9.7 billion.
The biggest winners will be Infantino voters – the member associations – who will see additional funding made available in the form of solidarity funding, subject to what FIFA has called “specific criteria”.
It is the allocation of this funding and how it is received that can make or break a FIFA President. Infantino indicated during his press conference today that after his re-election next year (he is running for president unopposed), he will begin his second term (his first term, as he served the term originally entrusted to Sepp Blatter) does not count. The implied indication of his comments is that he will go for a third party.
If successful, he would have been FIFA President for 15 years. The exceptional revenue forecast will be a useful ally to achieve this.
FIFA has stressed that the additional funding will support its expanded competitions and schedule, starting with a 32-team Women's World Cup next year, and the addition of a 32-team Club World Cup in 2025. These competitions will need cash to get started but are expected to generate significant revenue for FIFA in the future.
Another big winner in the new round of funding is Infantino's dedicated sidekick Arsene Wenger, Head of Global Football Development, and his Talent Development Program (TDS).
FIFA said the Council had “approved a dedicated funding allocation of $200 million to cover the 2023-2026 operational lifecycle of this groundbreaking initiative, which aims to create a lasting legacy for long-term development. term of the players by helping each member association (MA) flourish and ultimately give each talent a chance.”
What this actually means is anyone's guess. It will be fun to see all these future talents emerge from the world of FIFA.
Contact the author of this story at moc.l1671267398labto1671267398ofdlr1671267398owedi1671267398sni@n1671267398osloh1671267398cin.l1671267398uap1671267398
December 16 - FIFA has announced that the budget for the 2023-2026 cycle will see £9.7 billion invested in football as global coverage expands its competitions and ambition.
FIFA has confirmed that its revenue at the end of 2022 will reach $7.5 billion, which is $1 billion more than expected. The FIFA Council, meeting ahead of the World Cup final in Doha, approved the 2023-2026 budget which forecasts revenues of $11 billion, allowing the disbursement of $9.7 billion.
The biggest winners will be Infantino voters – the member associations – who will see additional funding made available in the form of solidarity funding, subject to what FIFA has called “specific criteria”.
It is the allocation of this funding and how it is received that can make or break a FIFA President. Infantino indicated during his press conference today that after his re-election next year (he is running for president unopposed), he will begin his second term (his first term, as he served the term originally entrusted to Sepp Blatter) does not count. The implied indication of his comments is that he will go for a third party.
If successful, he would have been FIFA President for 15 years. The exceptional revenue forecast will be a useful ally to achieve this.
FIFA has stressed that the additional funding will support its expanded competitions and schedule, starting with a 32-team Women's World Cup next year, and the addition of a 32-team Club World Cup in 2025. These competitions will need cash to get started but are expected to generate significant revenue for FIFA in the future.
Another big winner in the new round of funding is Infantino's dedicated sidekick Arsene Wenger, Head of Global Football Development, and his Talent Development Program (TDS).
FIFA said the Council had “approved a dedicated funding allocation of $200 million to cover the 2023-2026 operational lifecycle of this groundbreaking initiative, which aims to create a lasting legacy for long-term development. term of the players by helping each member association (MA) flourish and ultimately give each talent a chance.”
What this actually means is anyone's guess. It will be fun to see all these future talents emerge from the world of FIFA.
Contact the author of this story at moc.l1671267398labto1671267398ofdlr1671267398owedi1671267398sni@n1671267398osloh1671267398cin.l1671267398uap1671267398
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