35.1 C
Delhi
Friday, June 21, 2024

FIFA increases investment in football development to 2.25 billion USD

Date:

Share post:

Donate-GC-Razorpay

Geneva: The FIFA Council unanimously approved the Annual Report 2023 and the increase of investment in football development to 2.25 billion U.S. dollars, the world football governing body announced on Thursday.

FIFA confirmed that the budget for the 2023-2026 cycle is almost seven times as much as the investment in the development programs prior to 2016.

The Annual Report will be submitted to the 74th FIFA Congress in Bangkok, Thailand, on May 17, 2024 for final approval.

The Congress will hold a vote on the host(s) of the 2027 FIFA Women’s World Cup in Bangkok after FIFA received a bid from Brazil, a joint bid from Belgium, Germany and the Netherlands, as well as a joint bid from Mexico and the United States.

The FIFA Council also supported the FIFA President Gianni Infantino’s call to fight racism in football, FIFA said.

Related articles

Times Square, Dhaka, Fiji, Tokyo, UN – Yoga enthusiasts across world mark IYD with enthusiasm

New Delhi: From doing basic yoga postures, to some attempting the difficult headstand or even the mayurasana (peacock...

Yoga helps in harnessing aggressive capabilities of soldiers: Rajnath Singh

New Delhi: Defence Minister Rajnath Singh on Friday asserted that yoga helps in harnessing the aggressive capabilities which...

Himachal: Four die as HRTC bus falls into gorge

Shimla: Four persons were killed and three others injured when a bus fell into a gorge in Shimla...

T20 WC: Cummins’ hat-trick leads Aus to crucial win in rain-interrupted match

Antigua: Pat Cummins' stunning hat-trick, along with a fiery innings from David Warner, propelled Australia to a crucial...