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Infantino offers $40m to back FIFA investment plan
['The Editor']
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According to Infantino, the initiative could generate up to $10 billion (£7.52 billion) to expand funding for football development around the world.
“It is my duty and responsibility as FIFA president to present such game-changing opportunities to you, our members.
“It is equally my duty and responsibility to ensure such proposals are sufficiently complete and feasible, replete with substantiated figures and clear terms to assist you in the decision-making process,” Infantino wrote.
FIFA said the initial funding would come from “liquidating a minority portion” of its stake in FIFA Forward Enterprise.
“When the proposal is shared fully and transparently now promised by FIFA, we will make our views clear and comment further.”