UEFA to Hold Emergency Meeting over FIFA Plan
UEFA says the plan could push football toward revenue pressure as FIFA seeks more than $10 billion in development spending.
- On Tuesday, FIFA announced plans to create FIFA Forward Enterprise, a subsidiary offering external investors up to 20% equity to manage World Cup commercial operations and generate development funding.
- UEFA is organizing an emergency meeting with its 55 member associations this week, declaring the World Cup is "not an asset to trade" after FIFA's proposal sparked a furious backlash across European football.
- Congressman Jamie Raskin, ranking Democrat on the House Judiciary Committee, accused FIFA of "now going directly into business with the Trump family," citing Joshua Kushner's involvement as lead investor.
- FIFA stressed it will retain "exclusive authority" over governance and competitions, though critics fear private investment will pressure the organization to maximize revenue by expanding tournaments from 48 to 64 teams.
- European football associations are weighing a coordinated response, with some executives privately discussing the possibility of boycotting future World Cups if FIFA proceeds with the privatization plan.
31 Articles
31 Articles
Fury as Infantino sets deadline for $35 million offer to members in FIFA World Cup investor plan
The proposal revealed on Tuesday and backed by Joshua Kushner's investment firm Thrive Capital was met with immediate fury by Infantino’s former colleagues at European soccer body UEFA, which said the World Cup “is not FIFA’s to sell.”
UEFA is strongly opposed to FIFA-Boss Infantino's plans to sell parts of the World Cup to investors. DFB-Vize and league boss Watzke Klartext speak for German football.
Fifa-Boss Gianni Infantino plans to sell shares of the World Cup. The Uefa reacts with criticism. The DFB shows solidarity with the Continental Association.
Infantino wants to sell 20 percent of the commercial World Cup rights to private investors. Uefa advises on criticism and a possible boycott of the FIFA World Cup.
The boss of the international football federation wants to raise ten billion dollars through the creation of a new management company. On Wednesday 29 July, the president of the French federation expressed his doubts.
Members of the European Football Union (UEFA) will hold an emergency meeting later this week to discuss controversial proposals by the International Football Federation (FIFA) to sell stakes in their biggest competitions, and the possibility of a World Cup boycott could be raised.
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