FIFA Reverses World Cup Share Sale.
FIFA has stopped its plan to sell shares in the World Cup. Swedish football associations could lose money if they support the plan. The situation is described as ‘pure corruption’ by one source.
FIFA announced it would no longer try to sell shares in the World Cup. This decision affects how the tournament could be funded. The Swedish Football Association faces a financial problem if they vote for the plan. A source stated that the plan is corrupt. The original proposal involved selling shares to private investors.
Summarized from the sources above. Read the originals for the full story.
Highlights
FIFA Withdraws Share Sale
FIFA has stopped its plan to sell shares in the World Cup.
Financial Loss for Associations
Swedish football faces a loss if they vote yes.
Reduced Funding if No Vote
A ‘no’ vote means half the money is lost.
Corruption Allegation
'Pure corruption' is described by The Times source.
Impact on Investment
The reversal affects potential investment in the tournament.