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World football governing body, FIFA, has said that a switch to a biennial World Cup would give room for an extra $4.4 billion revenues to be generated for the world body.
FIFA said that the funds would help reduce the gap in revenues between the developed and less developed football markets.
This was revealed by the football body at a ‘global summit’ of leaders of national football federations to discuss their proposal to increase the frequency of the World Cup from every four years to every two.
There has been opposition from European clubs, the top leagues and European governing body UEFA whose president Aleksander Ceferin has threatened to boycott any additional tournament.
A report commissioned by the World Leagues Forum last month said the FIFA proposal, allied with changes to the Club World Cup could cost the big domestic soccer leagues and UEFA around 8 billion euros ($9 billion) per season in lost TV rights and match day and commercial agreements.
Meanwhile, UEFA on Friday, published a report they had commissioned from consultancy firm Oliver & Ohlbaum which warned that said the changes to the international calendar would impact see revenues for European national federations drop between 2.5 and 3 billion euros ($3.38 billion) over a four year cycle.
The delegates to Monday’s summit were told that a report by Italian company Open Economics had found that domestic leagues and UEFA competitions do not have their revenues hurt by national team and international club competition.
FIFA officials told the delegates that $3.5 billion of the extra revenue would go to a new ‘Member Association Solidarity Fund’ with each national federation allocated around $16 million in a four year period, while extra funds would also be given to the FIFA Forward Program for development projects.
However, any vote on the plans would likely involve all the 211 national associations.
This article was updated 1 year ago