FIFA announced plans to sell off stakes in its football competitions, including the World Cup, to private investors associated with US President Donald Trump, which Infantino characterizes as democratisation of football but which has met criticism from fans, politicians and regional governing bodies. The plan would distribute $40m in funding to FIFA member associations, with a deadline of 19 September for federations to accept in order to access an initial $20m.
8 hours ago · Joy Online →
FIFA president Gianni Infantino has written to all 211 member associations offering $40m in exchange for backing his plan to sell stakes in major competitions like the World Cup through a new commercial subsidiary. The plan, which could raise $10bn and has drawn quick condemnation from multiple regions, sets a 19 September deadline for nations to accept and receive an initial $20m.
15 hours ago · Joy Online →
FIFA's proposal to create a commercial subsidiary to run major competitions including the World Cup and sell stakes to external investors has prompted UEFA's 55 member associations to call an emergency meeting to discuss a potential plan of action, including the possibility of a boycott.
23 hours ago · Joy Online →