FIFA is considering relocating its multibillion-dollar headquarters from Zurich to the United States.
FIFA, soccer’s world governing body, is apparently considering relocating from Zurich to the United States in order to raise its global reputation and increase its multibillion-dollar business.
FIFA is evaluating venues on both coasts, according to The New York Times, and is assessing a variety of considerations, including work permits and tax advantages. Sponsorships and broadcast rights, which are among the most profitable in sports, would be the focus of the offices. FIFA’s revenue in 2018 was $4.6 billion, for example.
FIFA, which has been headquartered in Zurich since 1932, began decentralizing in June when it opened a second headquarters in Paris.
When the Paris office opened, President Gianni Infantino said, “Our goal of making football genuinely global also means that FIFA itself needs to have a more balanced and global organizational set up.”
FIFA might expand its commercial operations by relocating to the United States, a wealthy, populous country that has always opposed the game known to the rest of the world as ‘football.’ Furthermore, such a move would allow FIFA to play a bigger role in the preparations for the 2026 World Cup, which will be held in North America.
New sponsors and Wall Street investors are welcome to join FIFA in the United States. A move to the United States might also help boost women’s soccer, which the Americans had dominated until their poor bronze medal performance at the Tokyo Olympics.