It was decided that the tournament will be held between 8 teams, and hence the tournament was named ‘Final 8’. This tournament will be the climax of the global Nations League competition.
The ambitious plan was made to revamp global football
The plan was proposed by Gianni Infantino, the current president of FIFA, with the idea of featuring eight teams for the competition, and that the tournament will be held after every two years, in addition to the traditional World Cup tournament.
According to Infantino, this tournament is the part of an ambitious project which is going to reform international football. He also believes that this project would be worth £18.3 billion in a 12-year cycle.
Moreover news have emerged that in a letter Infantino has said that there is an unidentified group of investors who have agreed to spend the amount of £18.3 billion and acquire the rights for the tournament.
Infantino has also said that the tournament is likely to begin from 2021 and will be played during the months of October and/or November and on every odd year.
It was also decided that the Confederations Cup, which is held every four years in a year before the World Cup, is going to be abolished.
If everything goes according to plan and the tournament gets approved, the European federations will have the opportunity to earn £55 million in every two years.
UEFA had previously conceived the idea of the Nations League plan, and the European version of it is going to start this September. The regional groups would be playing each other, keeping in mind the possibilities of promotion and relegation.
Finally this would lead to the formation of intercontinental finals brackets in seven divisions. The eight teams across five continents, which would include three European sides and two from South America, will then face each other in the ‘Final 8’ tournament.
The tournament is going to be organised in a single country every two years. The tournament will be played in a span of eight autumn days of odd-numbered years, which will be starting from the year of 2021.