FIFA Forward Enterprise — proposed commercial subsidiary to sell private investment stakes in World Cup and flagship competitions, facing widespread opposition from UEFA and member federations.
… Last week UEFA’s 55 member associations agreed to boycott FIFA tournaments if Infantino did not withdraw his privately-funded FIFA Forward Enterprise (FFE) and, although the scheme was scrapped last Friday, it said the terms necessary to avert the boycott have not been met. …
… wn and secondly,” Uefa’s statement said. “Assurances have to be made that such attempts to disfigure the game in this way will never be made again. “These conditions have not been met.” UEFA has already said it has lost confidence in Infantino, calling the FIFA Forward Enterprise …
… World football’s governing body said it would “invite third parties to make minority, non-controlling investments” in a new subsidiary called Fifa Forward Enterprise (FFE). …
… In a statement issued on Wednesday, CAF confirmed that its President, Dr Patrice Motsepe, will convene a meeting of the CAF Executive Committee next week to evaluate the proposed FIFA Forward Enterprise (FFE) initiative. …
… The funds will come from the sale of a minority stake in FIFA Forward Enterprise, a commercial subsidiary created to maximise revenue through private investment. …
… A presentation on the new FIFA Forward Enterprise (FFE) subsidiary, referencing FIFA and FAs, says the outside cash can help “attract top talent with incentive-driven compensation.” The venture has been viewed as a way for Mr Infantino to remain in a lucrative job overseeing the …
… Fifa confirms the money will come from “liquidating a minority portion” of its stake on Fifa Forward Enterprise, a subsidiary company set up to maximise commercial revenue that will include private investors. …
… In a lengthy statement outlining the proposals, Fifa says it will “invite third parties to make minority, non-controlling investments” in a new subsidiary – Fifa Forward Enterprise (FFE) – to “consolidate” its commercial and event operations. …
UEFA has reiterated its loss of confidence in FIFA President Gianni Infantino and maintained its threat to boycott FIFA competitions, saying that FIFA's public backing of Infantino and the withdrawal of his FIFA Forward Enterprise scheme do not meet the conditions necessary to avert the boycott. UEFA stated it requires both the withdrawal of proposals to sell off major competitions and assurances that such attempts will not be made again.
UEFA has reiterated its loss of confidence in FIFA President Gianni Infantino and maintained its threat to boycott FIFA competitions, saying that FIFA's public backing of Infantino and the withdrawal of his FIFA Forward Enterprise scheme do not meet the conditions necessary to avert the boycott. UEFA stated it requires both the withdrawal of proposals to sell off major competitions and assurances that such attempts will not be made again.
UEFA says European teams could still boycott competitions including the World Cup, as the governing body maintains its conditions have not been met despite Infantino's scrapped plan to sell World Cup stakes to private investors. The English FA has withdrawn support for Infantino, and UEFA says it has lost confidence in his presidency.
The English Football Association is set to withdraw support from Fifa president Gianni Infantino following fallout from his scrapped plans to sell stakes in Fifa competitions to private investors. The move comes as Uefa threatens legal action and Wales withdraws backing for Infantino's bid to remain Fifa president.
Football administrator Eric Alagidede has opposed FIFA's proposal to sell stakes in World Cup competitions to private investors through a new commercial subsidiary, arguing that excessive commercialization could make the sport unaffordable for ordinary fans and that funds may not be used as intended.
The Confederation of African Football will review FIFA's proposal to establish a commercial subsidiary to manage the World Cup and other flagship tournaments, through which FIFA aims to raise $4.2 billion by selling minority stakes valued at $20 billion. If approved, each of FIFA's 211 member associations would receive a one-off payment of $20 million in early 2027 and increased annual development funding from $8 million to $20 million per association, though the plan has faced opposition from UEFA and European officials over commercialisation concerns.
FIFA president Gianni Infantino's senior adviser Carlos Cordeiro resigned after the Asian Football Confederation joined European and North/Central American bodies in opposing a plan to sell stakes in competitions to private investors. Cordeiro called the proposal "a bad deal for football" that would "mortgage football's future," and the AFC warned the plan lacks the broad consensus needed and risks undermining the unity of the FIFA World Cup.
FIFA President Gianni Infantino has offered up to $40 million in funding to member associations that approve selling minority stakes in FIFA's flagship competitions by 19 September, with funds coming from the sale of a stake in a commercial subsidiary expected to generate $10 billion. The proposal has sparked opposition from football bodies in Europe, Asia and North America over concerns about lack of transparency and proper consultation.
FIFA plans to secure up to $4.2bn in private investment by October for a new World Cup spinoff subsidiary (FIFA Forward Enterprise), even as President Infantino claims a consultation process has only just begun. The move has drawn criticism from UEFA and others, who say the rushed process lacks consultation with football associations and crosses a line by partly selling off the governing body's revenue-generating operations.
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.
Fifa plans to invite third-party investment in a subsidiary called Fifa Forward Enterprise to expand football development funding to more than $10bn, a proposal criticised by Uefa and UK Prime Minister Andy Burnham. The plan requires approval from Fifa's 211 member nations and would see American venture capital firm Thrive Eternal lead the investor group.