FIFA’s Infantino sets deadline for $20M offer to members in World Cup investor plan – AP News
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FIFA’s Infantino Sets Deadline for $20M Offer to Members in World Cup Investor Plan
In a move aimed at increasing revenue and investment in the sport, FIFA President Gianni Infantino has set a deadline for member associations to accept a $20 million offer as part of the governing body’s World Cup investor plan. According to reports, the offer is part of Infantino’s broader strategy to generate more revenue and provide financial support to member associations.
Under the plan, FIFA will offer $20 million to each of its 211 member associations, but with a catch: the associations must agree to work with FIFA to attract private investment for the 2030 and 2034 World Cups. The plan is seen as a key part of Infantino’s efforts to increase revenue and reduce the financial burden on member associations.
The deadline for member associations to accept the offer has been set for August 5, which is just over a week away. Associations that accept the offer will be required to agree to a number of conditions, including working with FIFA to identify potential investors and providing regular updates on their progress.
The move is seen as a key part of Infantino’s efforts to increase revenue and reduce the financial burden on member associations. FIFA has faced financial challenges in recent years, and the governing body has been looking for ways to increase revenue and reduce its reliance on broadcasting rights.
Infantino has argued that the plan will provide a boost to the sport and help to increase investment in grassroots football. However, some critics have raised concerns about the potential risks and challenges associated with the plan.
