• Fri. Apr 19th, 2024

FIFA allocates USD 2.25 billion to develop football (infrastructure)

FIFA has given the green light to investments totalling USD 2.25 billion to further develop football between 2023 and 2026. Part of the money is to be used to develop football infrastructure.

This decision, made under the “FIFA Forward” program, marks a significant increase compared to previous investments before 2016.

The FIFA Council, in an official statement released on Thursday evening, announced that the annual report, which received unanimous approval from the Governance and Audit Committee and the FIFA Finance Committee, will be distributed to all 211 member associations.

It will then be presented at the 74th FIFA Congress in Bangkok, scheduled for May 17, 2024, for final approval.

Gianni Infantino, FIFA’s President, expressed confidence in the organization’s financial governance approach during the remote council meeting.

He stated that FIFA is surpassing its budget targets for the 2023-2026 cycle, amounting to $11 billion. Infantino emphasized that this increased budget will enable FIFA to provide more tailored services to the 211 national associations, assisting them in implementing development, education, and football advancement projects.

The FIFA Council also approved the voting procedures for selecting the host country (or countries) for the 2026 FIFA Women’s World Cup. The results of each vote and the total votes will be publicly announced during the next congress meeting.

Three bids have been submitted to host the Women’s World Cup: Brazil, a joint bid by Belgium, Germany, and the Netherlands, and a joint bid by Mexico and the United States.

Furthermore, the FIFA Council endorsed the decision to host the Under-17 World Cup annually instead of once every two years.

This change follows an increase in the number of participating teams to 48, with Qatar being awarded the organization of the next five editions starting from 2025. Additionally, the Women’s Under-17 World Cup, featuring expanded participation to 24 teams, will be held annually from 2025, with Morocco hosting until 2029.

Guy Oldenkotte

Guy Oldenkotte is senior editor of sportsfields.info and has been covering the outdoor sportssurfaces market and industry since 2003

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