Infantino Re-elected FIFA President Unopposed, Promising Greater Revenues

In this file photo taken on October 22, 2022 Gianni Infantino, president of football's world governing body FIFA, attends a press conference following the FIFA Council meeting in Auckland. (AFP)
In this file photo taken on October 22, 2022 Gianni Infantino, president of football's world governing body FIFA, attends a press conference following the FIFA Council meeting in Auckland. (AFP)
TT

Infantino Re-elected FIFA President Unopposed, Promising Greater Revenues

In this file photo taken on October 22, 2022 Gianni Infantino, president of football's world governing body FIFA, attends a press conference following the FIFA Council meeting in Auckland. (AFP)
In this file photo taken on October 22, 2022 Gianni Infantino, president of football's world governing body FIFA, attends a press conference following the FIFA Council meeting in Auckland. (AFP)

Gianni Infantino was re-elected as FIFA president during the 73rd Congress in Kigali on Thursday, promising record revenues in the next four-year cycle of $11 billion as he called for more football to be played around the world.

Infantino stood unopposed, making his re-election 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.

"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 (to 2022) in a period that was hit by COVID-19. When I arrived, FIFA reserves stood at around $1 billion, today they are at almost $4 billion," Infantino said.

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

Infantino said FIFA would continue to revue the transfer system to "improve transparency" and suggested the organisation might discuss a salary cap.

"We must improve our regulations and the FIFA statues. 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."

Infantino was first elected in an Extraordinary Congress in 2016 following the resignation of his predecessor Sepp Blatter, and retained his position unopposed three years later.

But this counts as his second term of office and he will therefore be available for a third and final term in four years' time.



South Korea Expresses Regret after Its Athletes Introduced as North Korea at Opening Ceremony

 Athletes of South Korea travel by boat along the Seine river during the opening ceremony of the 2024 Summer Olympics, in Paris, France, Friday, July 26, 2024. (AP)
Athletes of South Korea travel by boat along the Seine river during the opening ceremony of the 2024 Summer Olympics, in Paris, France, Friday, July 26, 2024. (AP)
TT

South Korea Expresses Regret after Its Athletes Introduced as North Korea at Opening Ceremony

 Athletes of South Korea travel by boat along the Seine river during the opening ceremony of the 2024 Summer Olympics, in Paris, France, Friday, July 26, 2024. (AP)
Athletes of South Korea travel by boat along the Seine river during the opening ceremony of the 2024 Summer Olympics, in Paris, France, Friday, July 26, 2024. (AP)

South Korea expressed regret that its delegation of athletes at the Paris Olympics opening ceremony on Friday was introduced as from rival North Korea and has demanded assurances from organizers the mistake will not happen again.

As the boat carrying South Korean athletes passed on the Seine, the announcer introduced them as the "Democratic People's Republic of Korea" - the official name of North Korea - in French and English.

The announcer used the same introduction when the North Korean delegation passed.

South Korea's vice minister for sports and culture, Jang Mi-ran, who was in Paris, had requested a meeting with International Olympics Committee President Thomas Bach, the ministry said in a statement.

"We express regret that the country was introduced as North Korea at the opening ceremony of the Paris Olympic Games when the athletes of the Republic of Korea were entering," it said.

South Korea's National Olympic Committee immediately referred the incident to the Games' organizers and requested that the error will not be repeated.

South Korea's delegation includes 143 athletes competing in 21 events. North Korea, which is returning to the Games for the first time since Rio 2016, has sent 16 athletes.