Thursday briefing: FIFA proposes $6.35 billion development fund with $25 million for each association

FIFA will propose a $6.35 billion development fund for the next four-year cycle, including $25 million for each of its 211 member associations, according to a report from The Associated Press.

The proposed amount per association is up from $10 million for the previous four-year period. The plan also allocates $99 million to each of FIFA’s six confederations.

FIFA plans to use more than $3.5 billion from its financial reserves for the fund. The governing body estimates it will ge