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.
BMW is recalling more than 720,000 vehicles in the U.S. over a fire risk, warning owners to park outside and away from buildings until repairs are ...
Tajikistan has urged the international community to increase funding to protect shrinking glaciers and help mountain communities adapt to climate c...
A new study in mice suggests the brain’s protective barrier does more than block harmful substances. It also delivers essential proteins from...
European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Iran will not let a single particle of its enriched nuclear material leave the country, and any new U.S. attack would be met with strikes on distant American bases, Iranian security chief Mohsen Rezaei has said.
Nvidia chief executive Jensen Huang is stepping down amid reports linking him to a woman suspected by U.S. authorities of spying for China, throwing the future of the $4 trillion chipmaker into uncertainty.
Kazakhstan’s security service has arrested Nurlan Zhakupov, CEO of Samruk-Kazyna, the country’s sovereign wealth fund, on suspicion of corruption. Yelzhas Otynshiyev, Chairman of KTZ, Kazakhstan’s national railway firm has also been detained.
Eight people have been killed and at least 17 injured after an apartment building collapsed into a neighbouring construction site in Brooklyn, New York, as rescuers continued searching the rubble for possible survivors.
BMW is recalling more than 720,000 vehicles in the U.S. over a fire risk, warning owners to park outside and away from buildings until repairs are completed. The recall follows 10 reported fires involving cars previously repaired for the same fault.
The United Nations Children’s Fund (UNICEF) says 3.7 million children in Afghanistan are suffering from acute malnutrition, as worsening drought and funding shortages threaten to deepen the crisis amid the COP31 climate summit in Türkiye.
A consortium of Türkiye’s Limak and Qatar’s HBK Contracting has won an international tender to build and operate a new airport terminal in Bukhara, Uzbekistan, under a 23-year public-private partnership, with the project potentially costing up to $300 million.
Spain’s parliament has approved a government package aimed at easing the country’s housing crisis, a day after workers staged the first general strike in 14 years over soaring housing costs.
Here's your AnewZ Technology Daily Brief for the 13th of November. This week, a Microsoft outage hit Australian agencies, Google restricted mapping data in South Korea, a lawsuit targeted advanced AI development, and Nvidia faced a leadership crisis after Jensen Huang's resignation.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment