Infantino makes bigger cash pledge to Fifa members
Summary
FIFA President Gianni Infantino has suggested giving more money to FIFA member organizations from its large cash reserves. This comes after controversy over a plan to sell parts of World Cup rights to private investors, which has been stopped.Key Facts
- FIFA has around £4.4 billion in cash reserves.
- Infantino sent a letter supporting the highest possible additional funding to FIFA members without risking the organization's finances.
- The plan to sell World Cup commercial rights to private investors was canceled after public criticism.
- UEFA and Concacaf asked FIFA to pay $10 million to each of its 211 member groups from the reserves.
- FIFA's council will discuss the funding proposal on October 15.
- Infantino said the canceled plan was meant to create more money for football.
- Football Association chair Debbie Hewitt has asked Infantino to release all documents about the controversial plan and requested an independent review.
- Infantino plans to run for a fourth term as FIFA president in March 2027; candidates opposing him must register by November 18.
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