European football clubs are reportedly close to finalizing an agreement with FIFA regarding the distribution of a $250 million solidarity fund generated by the Club World Cup. The proposed deal aims to resolve a long-standing dispute over how these funds should be allocated, with the current plan suggesting a 50-50 split between European clubs and those from other global regions.

The fund, which equates to approximately £185 million, was originally established to ensure that the revenue generated by the Club World Cup benefits the broader football ecosystem. The delay in distributing these funds has been a source of frustration for many clubs that did not participate in the tournament, as they have been waiting for a resolution on how the money would be shared.

While the agreement is not yet finalized, it represents a significant step toward ending the uncertainty surrounding the payout. Once the deal is formally ratified, the funds will be distributed to the respective clubs. The move is intended to address concerns about the concentration of wealth in elite football and provide financial support to a wider range of teams globally. The Guardian reports that the deal is expected to be finalized soon, though specific timelines for the distribution have not been publicly confirmed by FIFA officials.