
FIFA President Gianni Infantino announced the possibility of allocating additional funds to national member associations from the organization's reserve fund of about $6 billion, responding to a request from UEFA and CONCACAF to allocate $10 million to each of the 211 federations; the assessment will be presented to the FIFA council on October 15.
AI-generated summary
FIFA manages a reserve fund from which funds can be allocated to national federations for the development of football. UEFA and CONCACAF previously submitted a joint request for additional funds.
The President of the International Football Federation (FIFA), Gianni Infantino, has admitted the possibility of allocating additional funds to national member associations from the organization's reserve fund, which is expected to be $6 billion, The Athletic reports.
Earlier, Sky News reported that Infantino received a letter from the president of the Union of European Football Associations (UEFA), Alexander Ceferin, and the head of the Confederation of North, Central American and Caribbean Football (CONCACAF), Victor Montagliani, demanding that an additional $10 million be allocated to each of the 211 national federations as part of the distribution of the organization's wealth.
According to the source, in a letter to the six presidents of continental confederations, Infantino said that the assessment would be presented to the FIFA council for consideration on October 15.
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“I will not pre-determine a specific amount,” the letter said. “I will support the allocation of the maximum amount of additional funds that can be responsibly secured through FIFA's proper governance procedures, subject to fair distribution and transparent, auditable mechanisms.”
AI outlook — possibilities, not facts
The FIFA Council will consider the proposal to allocate additional funds on October 15
Very likely · Within days

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