FIFA wants to sell shares in the World Cup, angering UEFA | Football

The world football governing body has announced that it wants to sell 20 percent shares in the World Cup and other events.

FIFA has planned to sell shares in the World Cup and other events to investors, which has caused the European football governing body, UEFA to respond angrily.

Under plans announced by FIFA on Tuesday, up to $20bn could be made available to run the World Cup and other events.

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World football’s governing body has said it will take a majority stake in the new FIFA Forward Enterprise, which is offering minority stakes to foreign investors to raise up to $4.2bn.

The plan still needs to be voted on by FIFA’s 211 member nations.

If successful, the team in question is expected to be led by a vehicle set up by Joshua Kushner, the brother of US President Donald Trump’s son-in-law, Jared Kushner, FIFA said.

UEFA said the proposal “crosses the line that football’s governing bodies should not cross”.

Reintroduced into the game

FIFA has just done a 48-team World Cup in the United States, Canada and Mexico – the largest in the history of the tournament.

It is one of the world the richest sports organizationsgenerating billions of dollars, mainly from broadcasting rights, sponsorships and other sales related to the World Cup.

But he says the idea could increase funding to expand the sport’s opportunities and encourage international participation, with all the positives that should be pumped back into football.

“Football is the most popular sport in the world,” FIFA President Gianni Infantino said in a statement.

“Parts of the sport have turned this popularity into commercial value – and we celebrate this success and want it to continue, because it elevates the whole sport.

“Our mission is to ensure that all football is growing with it: FIFA exists to support sustainable development around the world.”

FIFA said that in addition to controlling the minors, it will also have control over the administration of football, competitions, match calendars and administrative and sporting decisions.

‘The World Cup is not a thing’

The decision widens the rift between FIFA and UEFA, with Europe positioning itself as football’s governing body, while FIFA, a non-profit organization, says it is focused on increasing revenue opportunities.

In a statement, UEFA said it takes the new proposal “very seriously”.

That’s how the National Football Association should be. So does everyone involved: players, clubs, players, sponsors, governments and anyone who cares about the future of the game.

“The spirit and leadership of football is not for sale – especially without being clear about who benefits financially. None of us own football. It is not FIFA for sale.”

The new Prime Minister of the United Kingdom, Andy Burnham, joined the opposition, saying on TV that the game is not about money.

“The World Cup is not a thing. It’s the biggest competition in international sports, and nobody can sell it,” Burnham wrote on X.

“Wear the money as you will. When you sell a piece of it, you’ve sold it.”