FIFA proposes $6.35 billion development fund, with $25 million for each national association
FIFA will put a $6.35 billion soccer development fund to its members for 2027 to 2030, raising the per-association share to $25 million. The document, dated 14 October, also proposes distributing more than $3.5 billion from FIFA's financial reserves.
FIFA will ask its members to approve a $6.35 billion fund for soccer development covering 2027 to 2030, according to a document that The Associated Press reviewed on Tuesday. The document is dated 14 October. Each national association would receive $25 million under the plan, up from the $10 million originally set for the four-year period.
FIFA says it intends to draw on the financial success of its latest World Cup to expand investment in football development across 211 member associations, confederations and other stakeholders. The document also proposes distributing more than $3.5 billion from the governing body's financial reserves, and it links that proposal to the commercial success of the 48-team tournament.