FA 'deeply concerned' over FIFA plan to sell $4bn stake in its competitions
UEFA and CONCACAF criticized the plan, while FIFA says 211 associations could receive $40 million each if they sign on.
- On Tuesday, FIFA president Gianni Infantino proposed creating a private company to manage competitions, offering member associations $40 million each to sign by September 19.
- Regional confederations UEFA and CONCACAF criticized the lack of due process, stating they were "completely unaware of this proposal" before its public release.
- Prime Minister Andy Burnham condemned the move, stating the World Cup is "not a product" and "crosses a line that football's governing institutions should never cross."
- UEFA warned it might boycott the tournament, insisting the World Cup is not an "asset to trade" and that officials take the plan "extremely seriously."
- Proposals released Tuesday also revealed links to the extended family of United States President Donald Trump, as associations face immense pressure to sign before September 19.
21 Articles
21 Articles
Fifa wants to sell World Cup shares. The outcry among national and continental associations is great – mainly due to a very specific aspect.
Asian football body says ‘disappointed’ by Fifa investment plans
The AFC was not consulted on the proposal and is disappointed that a matter of such significance entered the public domain before its member associations had the opportunity to examine and discuss it.
(Brussels, London = Yonhap News) Correspondents Hyun Yun-kyung and Kim Ji-yeon = The International Football Federation (FIFA) plans to create a subsidiary to operate the World Cup and other events and sell a stake to the private sector...
Having barely finished an extraordinary World Cup, FIFA is already thinking bigger: the world body announced on Tuesday its intention to create a company to manage its commercial activities and attract outside investors, promising a windfall of $10 billion to finance the development of football.
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