UEFA and CONCACAF have jointly urged FIFA to release at least $10 million to each of its 211 member associations from the governing body's accumulated financial reserves.
The call comes as the two confederations seek to strengthen the financial footing of national football associations worldwide. By allocating a minimum of $10 million per association, they aim to support grassroots development, infrastructure projects and competitive programmes.
FIFA’s reserves have been built over decades of revenue from tournaments, broadcasting rights and sponsorships. The confederations argue that the funds could be more effectively used at the national level rather than being held in reserve.
UEFA, the governing body for European football, and CONCACAF, which oversees football in North America, Central America and the Caribbean, are the first major confederations to make this specific request.
The plea was reported by Punch Nigeria and reflects growing pressure on FIFA to distribute its wealth more equitably among the world’s football associations.
<small>Source: Punch Nigeria — read the original story there.</small>