Plans for two new global tournaments are set to be discussed at Fifa's council meeting in Rwanda on Friday that could include a revamp to the annual Club World Cup.
Members of the ruling council meet in Kigali to discuss Fifa president Gianni Infantino's proposals for a new "mini-World Cup" - essentially replacing the Confederations Cup - and an expanded Club World Cup according to items up for discussion on an agenda document released Tuesday.
Infantino wrote to Fifa Council members in May outlining his plans which he says are backed by a "solid and serious" group of investors willing to spend US$25 billion (Dh92bn) over a 12-year cycle starting in 2021.
According to an Associated Press report, Fifa would have a 51 per cent stake in the joint venture with the investors underwriting guaranteed revenues of at least $25 billion.
Japanese conglomerate SoftBank Group is widely reported to be backing the proposals, although neither Infantino or Fifa has disclosed the name of the investors, citing a confidentiality agreement.
Back in May, Infantino had pushed for a quick decision to be taken, saying that the investors had set a 60-day deadline, but the proposals were shelved after Uefa and the European Clubs Association (ECA) voiced their opposition, particularly to a change in the annual Club World Cup. In its current guise the format brings together the six continental champions and the host country's league champions in a knockout tournament. This year's tournament will be held in Abu Dhabi for the second successive year - fourth overall - from December 12-22.
Fifa proposes an expanded 24-team club tournament, with at least 12 from Europe, starting in June or July 2021. The format of eight three-team groups, advancing to an eight-team knockout round, would see teams play a maximum of five games.
Fifa's partnership with investors would guarantee $12 billion in revenue from the Club World Cup — $3 billion for each of four editions from 2021-33.
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Read more:
Roberto Carlos: winning the Fifa Club World Cup 'the pinnacle of international club football'
Esteban Cambiasso: Former Inter Milan and Real Madrid midfielder shares his Fifa Club World Cup memories
The draw: Real Madrid braced for 'difficult' Club World Cup in UAE ahead of bid for third straight title
When is the 2018 Club World Cup? All you need to know about the UAE tournament
Fifa looks for $25 billion, 12-year deal for new tournaments
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Both the ECA and Uefa, European football's governing body, vehemently oppose any tournament that directly challenges its own Champions League competition, the most lucrative club tournament in the world. Uefa fear any rival club competition could be a threat to its broadcast sales worldwide.
Clubs, however, are said to take a different view. According to a report in The Guardian newspaper, leading clubs from Spain including Real Madrid and Barcelona, as well as those from England's Premier League, emerged from Fifa presentations supporting the idea of a new Club World Cup every four years, which promised an average of more than £100m (Dh474m) to each participating club.
The new competitions could secure long-term revenue for many of the 211 Fifa member federations who rely on its financial support. It also would provide a strong platform for Infantino to run for re-election next year.
The proposals have met with plenty of opposition though. Aleksander Ceferin, president of Uefa, said the plans were "highly cynical and ruthless mercantilism" and accused Fifa of selling the soul of the game.
Infantino's proposals for a new international tournament would bring about major changes to the calendar.
The proposals outline what would effectively be a mini-World Cup, featuring eight international teams, every two years in addition to the traditional World Cup finals.
The tournament, known as the "Final 8", would be the climax of a proposed World Nations League competition, not to be confused with Uefa's own Nations League tournament.
In May, it was suggested that the new tournament would take place every October and/or November of every odd year starting from 2021. The Confederations Cup, currently staged every four years in a year before the World Cup, would be abolished.
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A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
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How to protect yourself when air quality drops
Install an air filter in your home.
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Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
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Fixtures
50-over match
UAE v Lancashire, starts at 10am
Champion County match
MCC v Surrey, four-day match, starting on Sunday, March 24, play starts at 10am
Both matches are at ICC Academy, Dubai Sports City. Admission is free.
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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Our family matters legal consultant
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Results
Stage 7:
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2. Sam Bennett (IRL) Deceuninck-QuickStep - same time
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What is double taxation?
- Americans living abroad file taxes with the Internal Revenue Service, which can cost hundreds of dollars to complete even though about 60 per cent do not owe taxes, according to the Taxpayer Advocate Service
- Those obligations apply to millions of Americans residing overseas – estimates range from 3.9 million to 5.5 million – including so-called "accidental Americans" who are unaware they hold dual citizenship
- The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
- Unlike most countries, the US follows a citizenship-based taxation system, meaning that Americans must file taxes annually, even if they do not earn any income in the US.