FIFA Not 'Selling Football', Will Proceed With Consultation Process Over Stake Sale
FIFA says each of its 211 member associations could get $40 million if they back the private investment plan by Sept. 19.
- On Friday, FIFA defended its proposed World Cup private equity venture, declaring "nobody is selling football" while blaming "erroneous reporting in the media" for intense public outcry.
- FIFA President Infantino's proposal, revealed on Tuesday, involves spinning off commercial operations into a $20 billion subsidiary called FFE, with 20% owned by private investors.
- European nations agreed yesterday to boycott FIFA competitions, with the European soccer body stating "UEFA and its national associations will not participate in FIFA competitions." CONCACAF and the Asian Football Confederation also rejected the plan.
- Offering to double basic funding from $10 million to $20 million for four years, Infantino wrote on Tuesday to the 211 member associations, with approval required by mid-September.
- The Under-20 World Cup begins Sept 5 in Poland, while FIFA faces a Nov 23 decision on the 2035 Women's World Cup host, where British federations are the only bidders.
164 Articles
164 Articles
FIFA intends to continue its project to create a commercial company open to foreign investors, despite the threats of boycott.
No plans to sell World Cup to private investors
FIFA has firmly denied reports suggesting it is planning to sell the FIFA World Cup to private investors, insisting that a proposed commercial initiative under consideration is intended to generate more funding for football development rather than relinquish control of the sport’s premier tournament. In a statement released on Friday, the world football governing body […] No plans to sell World Cup to private investors – FIFA
KNVB stands by position that football is not for sale as FIFA pushes shares plan
The Dutch football association rejects FIFA’s commercialization plan. In the meantime, FIFA is advancing proposals to sell minority stakes in a new commercial entity that would handle rights to its competitions, including the World Cup, to private investors.
Fifa chiefs criticise media for 'misreporting' World Cup sell-off plans
Executives at world football's governing body Fifa on Friday said "incorrect" media reports had "disrupted" the presentation of its proposals to open up the World Cup to outside investors.
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