FIFA's compensation paid to clubs that release players for the men's World Cup has been increased by nearly 70 per cent to $355 million for the 2026 and 2030 tournaments, the global soccer governing body and the European Club Association said on Monday.
The previous amount earmarked for the 2018 and 2022 World Cups was $209 million. A renewed Memorandum of Understanding was signed on Monday at the ECA General Assembly in Budapest, Hungary."The MoU recognises the central role of clubs in football globally and ensures that they are properly represented in decision making around issues which affect them."
The decision was met with opposition from leagues such as Spain's LaLiga but the MoU will now have both FIFA and the ECA working together on its various sporting and commercial aspects for the 2025 edition. FIFA also announced a newly structured international calendar which its president Gianni Infantino said had been endorsed by the ECA.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Aramco to open new China refinery-petchem complex in 2026SINGAPORE : Saudi Aramco and its Chinese partners aim to start full operations at a refinery and petrochemical project in northeast China in 2026 to meet the country's growing demand for fuel and petrochemicals, the state-owned major said on Sunday.The project in Liaoning's Panjin city, expected to cost $
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Fifa U-20 World Cup draw cancelled in Indonesia, as controversy grows over Israel participationSome from the ruling Indonesian Democratic Party of Struggle have been vocal in their criticism in recent days. Read more at straitstimes.com. straits_times Politically motivated? I’d call it anti-semitism.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Plan to curb coal, gas projects to seal Australia climate pactThe mechanism will compel the top emitting facilities to cut greenhouse gas emissions by 4.9 per cent a year by 2030. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
World Bank warns of 'lost decade' in global growth without bold policy shiftsWASHINGTON: Average potential global economic growth will slump to a three-decade low of 2.2 per cent per year through 2030, ushering in a 'lost decade' for the world's economy, unless policymakers adopt ambitious initiatives to boost labour supply, productivity and investment, the World Bank warned on Monday (Mar 2
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
U-20 World Cup draw in Bali postponed amid protest against Israel participationBALI - The draw for the Under-20 Fifa World Cup that was scheduled to take place in Indonesia next week will be postponed, a source told Reuters after Bali’s governor refused to host Israel’s team. The Indonesian Football Association (PSSI) said the draw that was to be...
Source: thenewpaper - 🏆 7. / 63 Read more »
U-20 World Cup draw in Bali postponed amid protest against Israel participationThe draw for the Under-20 FIFA World Cup that was scheduled to take place in Indonesia next week will be postponed, a source told Reuters after Bali's governor refused to host Israel's team. The Indonesian Football Association (PSSI) said the draw that was to be held on Friday (Mar 24) had been cancelled.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »