Home SportFIFA realises record revenues, names Saudi Arabia as Club World Cup hosts

FIFA realises record revenues, names Saudi Arabia as Club World Cup hosts

by Nurudeen Obalola
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FIFA has announced that it made record revenues in the last four-year cycle, which ended with the World Cup in Qatar last December.

The world football governing body said FIFA Council, its highest decision-making organ, approved the Annual Report for 2022, which showcases its record‑breaking revenue of $7.6 billion during the 2019‑2022 cycle and the $11 billion that is expected to be earned during the 2023‑2026 period.

“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 resounding success of the FIFA World Cup 2022 in Qatar has been key to the organisation’s ability to fulfil its mission in relation to our member associations and the world of football, despite the multiple challenges we faced during the past cycle, not least the Covid-19 pandemic.”

The body also confirmed the allocation of spots for confederations in the expanded Club World Cup, with Africa getting four.

“Following the decision taken by the FIFA Council in December 2022 to expand the FIFA Club World Cup from 24 to 32 teams, with the first such edition set to take place in June-July 2025, the Council unanimously approved the respective slot allocation,” FIFA explained.

“The decision was taken based on a set of objective metrics and criteria, and the resulting allocation is as follows: AFC: 4, CAF: 4, CONCACAF: 4, CONMEBOL: 6, OFC: 1, UEFA: 12 and tournament host: 1.”

For the 2023 FIFA Club World Cup, which is due to be played under the current format with seven clubs, the FIFA Council confirmed Saudi Arabia as hosts from December 12 to December 22.

The FIFA Council also resolved that, in line with the long‑standing tradition of having all hosts competing at the World Cup, the hosts of the 2026 World Cup — Canada, Mexico and the United States of America — will qualify automatically for the competition.

Their slots will be deducted from the overall allocation of six assigned to the CONCACAF region.

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