logo

FKF to receive Sh1bn following Fifa’s record breaking revenue

Fifa secretary general Fatma Samoura commended the inaugural Africa Schools champion cup that was held in Congo in 2022.

image
by MUIGAI KIGURU

Sports15 February 2023 - 07:40

In Summary


  • • Member associations like Football Kenya Federation will receive approximately USD8 million (Sh1bn) for football development and operational support — a 29 per cent increase from the previous cycle.
  • • Preparation for the 73rd Fifa Congress which will take place on Thursday, March 16, 2023 in Kigali, Rwanda are ongoing with the agenda set to be sent to member associations in due course.
Harambee Stars players celebrate during a past international match against Tanzania at Nyayo Stadium

Football Kenya Federation are expected to receive approximately USD8 million (Sh1bn) from Fifa for football development and operational support.

This follows the approval of Fifa's 2022 Annual Report highlighting the world football governing body's record‑breaking revenue of USD7.6 billion (Sh954bn) during the 2019‑2022 cycle and the USD11 billion (Sh1.3tn) expected to be earned during the 2023‑2026 period.

The grants to member associations signifies a 29 per cent increase from the previous cycle.

“Fifa’s unprecedented investment in football is the result of our solid financial transparency and stands as a concrete example of how we are aiming to make football truly global,” said Fifa President Gianni Infantino.

“The launch of Fifa Forward 3.0 means that we can do so by providing support for development projects, hand-in-hand with the six Confederations and the 211 Fifa Member Associations.

Over this four-year cycle, there will be an increase in investment in Forward of 29 per cent compared to the previous period, and that means that solidarity payments have now increased by a factor of seven in the space of just seven years.”

Fifa secretary general Fatma Samoura commended the inaugural Africa Schools champion cup that was held in Congo in 2022.

“It was my pleasure to be at Kinshasa’s Stade des Martyrs in February to witness the inaugural staging of the Africa Schools Champions Cup, organised by Fifa with support from CAF and the African Union,” said Samoura.

“For many of the players, their journey was the first outside their own country, an occasion on which to learn and make new friends through the beautiful game. Our belief in football’s place at the heart of education is unwavering.”

The Fifa council confirmed the inaugural 32-team club World Cup in the summer of 2025 will feature four African clubs, four from Asia, four from the Concacaf region, six from South America, one from Oceania, 12 from Europe and one as a tournament host.

Saudi Arabia was picked as the host for the 2023 edition which will feature the current format of seven teams from December 12 to 22.

Fifa council also confirmed the update on the appointment of forthcoming tournaments by the Fifa Congress per the following dates; Fifa Women’s World Cup 2027 in Q2 2024 (with bid regulations for approval in March 2023), Fifa World Cup 2030 in Q3 2024 (with bid regulations for approval in June 2023) and Fifa Women’s World Cup 2031 in Q2 2025 (with bid regulations for approval in Q2 2024).

Preparation for the 73rd Fifa Congress which will take place on Thursday, March 16, 2023 in Kigali, Rwanda are ongoing with the agenda set to be sent to member associations in due course.

It has also been confirmed that the hosts for the 2026 World Cup, Mexico, USA, and Canada, trio will qualify automatically for the final round of the competition, with their slots, therefore, being deducted from the overall allocation of six assigned to Concacaf.

Fifa will release details in due course regarding the preliminary competitions in all confederations for the tournament.


logo© The Star 2024. All rights reserved