Israeli strike kills five in Gaza, including four women, health officials say
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FIFA President Gianni Infantino has given the organisation's 211 member associations until 19 September to approve a private investment proposal that could significantly increase funding for national football federations.
In a letter sent to members, Infantino called for support for the creation of FIFA Forward Enterprise, a new commercial subsidiary that would manage the governing body's commercial rights linked to the FIFA World Cup, Club World Cup and other major competitions.
The proposed entity has been valued at around $20 billion and would allow outside investors to acquire up to a 20% stake, while FIFA would retain majority ownership and full control over sporting and governance decisions.
If approved, FIFA says the new structure would unlock $10 billion for football development from 2027 onwards.
Each member association would be eligible to receive up to $40 million during the 2027-2030 cycle. That includes a one-off $20 million Fast Forward payment, alongside up to $20 million through FIFA's existing Forward development programme.
FIFA argues the investment would provide a substantial increase in funding compared with its current projections. Without approval of the proposal, the governing body estimates it would distribute around $2.7 billion in development funding over the same period.
The proposal must secure the backing of more than half of FIFA's 211 member associations before also being approved by the FIFA Council.
However, the plan has already drawn criticism from several continental confederations.
UEFA has strongly opposed the proposal, arguing that FIFA is rushing members into a decision before adequate consultation has taken place. CONCACAF and the Asian Football Confederation have also expressed concerns over the level of transparency and the limited time available to review the details.
European football officials are expected to discuss their response in the coming weeks, with reports suggesting that a boycott of FIFA competitions has been raised as one possible option if disagreements over the plan deepen.
Yemen's air force carried out 20 strikes on Houthi targets earlier on Friday, Brigadier General Majid Abdullah Al-Nuzaili, Spokesman for the Yemeni Armed Forces, said. Meanwhile, the Iran-backed Houthis denied targeting a power plant supplying energy to a mosque in Medina, Saudi Arabia.
Hammam al-Hammami, the Flydubai co-pilot accused of stabbing the captain of an Israel-bound flight on Wednesday in a suspected terrorist attack, was banned from flying by Oman over concerns about his radical views, U.S. media reported on Friday, citing people familiar with the matter.
Azerbaijan and Armenia will sign a final peace agreement once Armenia amends its constitution to remove territorial claims against Azerbaijan, Hikmat Hajiyev, Assistant to Azerbaijan’s President Ilham Aliyev, has said.
The co-pilot of Israel bound flydubai flight attempted to carry out a “terrorist attack” with an axe during the flight, the United Arab Emirates prosecutor general said on Saturday.
Russian President Vladimir Putin said on Thursday that Moscow wanted to end the war in Ukraine through negotiations as soon as possible, while insisting that any settlement must meet conditions acceptable to Russia and include security guarantees.
A major bridge across the Dnipro river in Kyiv was hit in a Russian air attack on Saturday, the city's mayor, Vitali Klitschko said, as strikes on the capital's infrastructure continue.
Hammam al-Hammami, the Flydubai co-pilot accused of stabbing the captain of an Israel-bound flight on Wednesday in a suspected terrorist attack, was banned from flying by Oman over concerns about his radical views, U.S. media reported on Friday, citing people familiar with the matter.
A U.S. federal appeals court has temporarily halted Minnesota’s ban on AI-generated fake nude images after Elon Musk’s xAI challenged the law as unconstitutional.
Two Iranian nationals have been charged in Britain with preparing a suspected terrorist attack targeting the Jewish community in northern England, police said on Friday (2 October).
The United States suspended consular services at its embassy and consulates in Brazil on Friday over unspecified security concerns, prompting Australia to close its embassy in Brasília two days before the country's presidential election.
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