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Home»Sports»Re-elected Infantino Advocates For Salary Cap In Football
Sports

Re-elected Infantino Advocates For Salary Cap In Football

EditorBy EditorMarch 17, 20232 Mins Read
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FIFA president Gianni Infantino, who was re-elected at the 73rd FIFA Congress in Kigali, Rwanda on Thursday, discussed the possibility of bringing a salary cap into football.

“We must improve our regulations and the FIFA statutes,” he said.

“We will continue to evolve our good governance principles and look at the transfer system, and maybe have a discussion to improve transparency of transfer fees and salaries.

“It might be necessary to introduce a cap, we have to think how we can do that. We will look at it with all stakeholders and see what we can do.”

Gianni Infantino was reelected as FIFA president during the 73rd Congress in Kigali, Rwanda, on Thursday.

Infantino stood unopposed, making his reelection as head of football’s governing body a formality, even if he is not universally popular among member associations for a range of reasons, including pushing for a failed plan to play the World Cup every two years.

The FIFA president opened his remarks with an anecdote describing how he came to Kigali when he first campaigned in 2016 and almost quit the race, likening his refusal to give up to how Rwanda recovered after its genocide in 1994.

“It is an incredible honour and privilege, and a great responsibility,” Infantino said. “I promise to continue serving FIFA and football around the world.

“To those that love me, and I know there are many, and those who hate me … I love you all.”

Infantino confirmed FIFA’s income hit record levels in the last cycle from 2019-22, but promised to substantially raise this again on the back of expanded men’s and women’s World Cup tournaments and the introduction of a 32-team Club World Cup.

“Revenues rose to a record $7.5 billion [in 2022] in a period that was hit by COVID-19. When I arrived, FIFA reserves stood at around $1bn, today they are at almost $4bn,” Infantino said.

“We promise new record revenues for the next cycle of $11bn, and the new Club World Cup is not included in that figure, so it could increase by a couple of billion [more].”

Federation of International Football (FIFA) FIFA President Gianni Infantino Kigali Rwanda
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