FIFA President Gianni Infantino said Wednesday that the proposed launch of a private subsidiary to exploit the commercial benefits of the World Cup was "an opportunity but not an obligation". FIFA said each of its member associations would be given the chance to take a one-off stake of $20mn in FFE. In June, ahead of the World Cup, FIFA, which folds competition income into revenue for the whole year, anticipated record revenues exceeding seven billion euros ($8bn) for 2026. It was the first World Cup with 48 teams and there is talk of further expanding it to 64. In 2019, a FIFA stakeholders' committee rejected an Infantino-backed plan for a $25bn private investment in an expanded Club World Cup.