FIFA president Gianni Infantino re-elected for another term: Gianni Infantino was re-elected as FIFA president until 2027 by acclamation, after highlighting his strong financial performance as a reason for keeping a CEO in their position for life. The decision was made by the congress of FIFA’s 211 member federations, whose annual funding from FIFA has increased from $250,000 to $2 million since Infantino’s first victory in 2016. Following the 2022 World Cup in Qatar, FIFA now has $4 billion in reserves, and it conservatively predicts a record revenue of at least $11 billion from the 2026 men’s World Cup, which will be hosted in North America.
March 2023 Current Affairs Quiz
Gianni Infantino was elected FIFA president in 2016, amid a crisis resulting from a wide-ranging corruption investigation by US federal authorities, which resulted in the removal of numerous soccer officials in the Americas. Sepp Blatter, the long-time FIFA president, was also forced to step down from his position within months of being re-elected. During Infantino’s tenure, FIFA has introduced larger and more lucrative tournaments, which have increased the organization’s revenue and provided more opportunities for national teams to qualify for the men’s and women’s World Cups, despite facing opposition from officials in European soccer.
History of FIFA:
FIFA (Fédération Internationale de Football Association) is an international governing body of association football, futsal, and beach soccer. On May 21, 1904, in Paris, France, it was founded by seven founding members: Belgium, Denmark, France, the Netherlands, Spain, Sweden, and Switzerland. FIFA is based in Zurich, Switzerland.
Initially, FIFA’s main task was to organize international football matches between national teams, but over the years, it has expanded its role to include regulating the rules of the game, overseeing the organization of international competitions, and developing the sport globally.
FIFA continues to be one of the most influential sports organizations in the world, with 211 member associations and a mission to promote and develop the game of football globally. It organizes various tournaments, including the World Cup, which is the most prestigious international football tournament, attracting millions of viewers worldwide.
