The outline of Tuesday’s surprise announcement was, FIFA said, detailed by FIFA President Gianni Infantino to members who met in Manhattan on July 18 ahead of the World Cup final. Infantino’s plans to form a commercial subsidiary, which would be called FIFA Forward Enterprise (FFE), running competitions like the World Cup and Club World Cup was first reported by The Times of London. Saudi Arabia will host the 2034 World Cup and largely funded the revamped men’s Club World Cup hosted in the U.S. last year. “However, the FIFA president and the FIFA administration will and must have leading roles in this entity — if approved.” FIFA is scheduled to hold an online congress on Nov. 23 to confirm hosts of the Women’s World Cup editions in 2031 and 2035.