UEFA, CONCACAF demand $2.1B from FIFA reserves to challenge Infantino
The high-stakes political standoff between UEFA, CONCACAF, and FIFA President Gianni Infantino centers on FIFA's massive cash reserves following the collapse of a controversial private equity proposal
The high-stakes political and financial standoff between UEFA, CONCACAF, and FIFA President Gianni Infantino centers on FIFA's massive cash reserves following the collapse of a controversial private equity proposal.
Aleksander Ceferin (UEFA) and Victor Montagliani (CONCACAF) sent a joint letter to Infantino demanding a $2.1 billion "one-off release" from FIFA's swelling reserves.
They are pushing for $10 million to be distributed directly to each of FIFA's 211 member associations for infrastructure and football development over the 2027–30 cycle.
As reported, the confederations argue that FIFA is on track to close out the 2023–26 financial cycle with roughly $6 billion in reserves—far more than necessary—meaning FIFA can easily afford these payouts using its own balance sheet without needing external investments.
This move is a direct counter-offensive against Infantino. It follows the fierce backlash and ultimate abandonment of FIFA's plan to sell a 20% stake in its commercial events (via a private equity group led by Joshua Kushner).
UEFA and CONCACAF are intensifying pressure to challenge Infantino's leadership ahead of the upcoming FIFA presidential election.
-
Cleveland Cavaliers promote longtime executive Brandon Weems to general manager
-
Mets’ Jared Young taken to hospital after brutal on-field collision with pitcher Nolan McLean
-
Cristiano Ronaldo named to Portugal’s Nations League squad at 41
-
Josh Allen steals the spotlight at Bills’ new stadium opener
-
Steve Belichick quits UNC football as investigation into program culture concludes
-
Ben Hutton joins Ottawa Senators on professional tryout ahead of NHL season
-
Infantino faces pressure to release World Cup sell-off documents
-
Grand Slam champion Joe Salisbury announces retirement
-
Drake, Ann Michael Maye open up about navigating challenges after marriage
-
New York Knicks add James Wiseman and Bruce Brown ahead of NBA training camp
-
Max Domi to miss Maple Leafs training camp amid complications from surgery
-
Justin Sourdif lands eight-year, $50.8 million deal with Washington Capitals