The European Commission is taking action after controversy surrounding FIFA’s proposal

The European Commission announced today, Thursday, that it is reviewing and pursuing a recent proposal by FIFA to bring in foreign investment to manage its competitions.

The dispute escalated recently after FIFA’s plan to give a percentage of World Cup commercial rights to private investment funds linked to US President Donald Trump’s circles was revealed.

FIFA’s plan revolves around creating a $20 billion subsidiary to manage the World Cup and other major tournaments while offering up to 20% of its shares to private investors.

And it was published Reuters agencyThe statement of the spokesperson of the European Commission, confirming that they are closely following the proposal of FIFA.

The official spokesperson clarified that the European Commission will evaluate ie A complaint can be received As for FIFA’s plan, review it and ensure its compliance with current laws.

It is noteworthy that the European Union announced a categorical rejection of FIFA’s proposal, while the Asian Confederation expressed its reservations about the plan, demanding consultations before making a decision.

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