Categories: Sports

FIFA Promises New Funds For Member Federations Under Biennial World Cup Plan



FIFA on Monday vowed to hand over an extra $19 million every four years to each of its 211 member federations if world football’s governing body succeeds in its attempts to hold the World Cup as a biennial event.

The body on Monday held a virtual global summit to discuss its highly controversial plans to stage the World Cup every two years instead of the current four-year cycle, as part of a new international match calendar for the period beyond 2024.

Its economic arguments had not previously been explicitly stated, but FIFA will hope the numbers can at least persuade smaller nations to get behind the plans.

If the World Cup is held every two years, an independent report by market researchers at Nielsen estimated that approximately $4.4 billion of additional revenues would be generated over four years.

The report also suggested that income from gate receipts, media rights and sponsorship for a 48-team tournament — as the World Cup is set to become from 2026 — could increase from seven billion dollars to $11.4 billion, a rise of more than 60 percent.

By creating a “Solidarity Fund” of some $3.5 billion in the first four years of the reformed calendar, FIFA estimates it could allocate “around $16 million” to every federation over that period, it said.

In addition to that, FIFA also plans to increase funding via its FIFA Forward programme by three million dollars from the current six million dollars to nine million.

A report commissioned by European football’s governing body UEFA recently estimated a shortfall of between 2.5 and three billion euros ($2.8 to 3.4 billion) over four years for European federations if FIFA adopts its controversial plan.

Meanwhile, the World Leagues Forum, which represents 42 member leagues across the globe, estimated that domestic competitions stood to lose a combined $8.5 billion if FIFA gets its way.

According to an independent report by Open Economics, shared by FIFA, “historical revenue trends of the most relevant clubs and national teams final tournaments show no apparent rivalry between the two”.

However, that report did not advance any figures.

Anthonia Orji

Disqus Comments Loading...
Published by
Anthonia Orji
Tags: FIFA

Recent Posts

  • Local

PHOTOS: Buhari Launches National Development Plan 2021-2025

  President Muhammadu Buhari has launched Nigeria’s National Development Plan 2021-2025. The plan, which was approved by the Federal Executive…

49 mins ago
  • Local

FG Declares Public Holidays For Christmas, New Year Celebrations

  The Federal Government has declared Monday 27th, Tuesday 28th December 2021, and Monday, 3rd January 2022 as public holidays…

2 hours ago
  • World News

Chinese City Locks Down 13 Million Residents To Fight COVID-19 Outbreak

  Over 13 million people were ordered to stay home in the Chinese city of Xi'an, which imposed a strict…

3 hours ago
  • Local

Police Service Commission Promotes Two AIGs, Over 7,000 Others

The Police Service Commission has approved the promotion of two Assistant Inspectors-General of Police to the next rank of Deputy…

3 hours ago
  • Africa

Death Toll In Madagascar Shipwreck Rises To 64

  The death toll from a shipwreck off Madagascar's northeastern coast has risen to at least 64 after 25 more…

3 hours ago
  • Politics

Electoral Bill: NASS Must Redeem The Situation To Strengthen Our Democracy – CDD

The Centre for Democracy and Development (CDD) is of the opinion that the National Assembly (NASS) must step up and…

3 hours ago