Infantino allowed the allocation of additional funds to associations from FIFA reserves
Quick Look
- FIFA President Gianni Infantino is considering the possibility of allocating funds to associations from the organization's reserves.
- The proposals will be considered by the FIFA Council on October 15.
AI-generated summary
Why It Matters
UEFA and CONCACAF demanded that the funds be distributed among members of the organization. FIFA's reserves amount to 5.13 billion euros.
FIFA President Gianni Infantino admitted the possibility of allocating additional funds to national football associations from the organization's reserves. This was reported by Sport Express with reference to the BBC.
In a letter to the presidents of the six continental confederations, Infantino announced his intention to consider “the highest level of additional funding that can be responsibly provided.” FIFA's reserves are estimated at 5.13 billion euros.
The FIFA chief's statement followed a demand from UEFA and CONCACAF to distribute approximately nine million euros among all 211 members of the organization. The presidents of the European and North American confederations, Aleksander Čeferin and Viktor Montagliani, insist on additional funding for infrastructure and football development.
Proposals for the allocation of funds will be presented to the FIFA Council on October 15.
What to Watch
AI outlook — possibilities, not facts
Consideration of proposals for the allocation of funds by the FIFA Council
Very likely · Within days
Open Questions
- What exact amount will be allocated?
- Will the FIFA Council support this proposal?
