FIFA Plans to Sell World Cup Rights
FIFA plans to sell shares in the World Cup to investors. This has angered UEFA and other organizations. The plan aims to raise billions of dollars.
FIFA wants to create a new company, FIFA Forward Enterprise, to manage World Cup commercial rights. They plan to sell up to 30% of the shares to investors. UEFA and other groups strongly oppose this, calling it a breach of trust. FIFA offered member associations $40 million each for approval by September 19th. The plan is intended to generate financial benefits for FIFA and its member associations.
Summarized from the sources above. Read the originals for the full story.
Highlights
FIFA plans to sell commercial rights
FIFA intends to create a company and sell shares to investors for $4.2 billion.
UEFA strongly opposes the plan
UEFA criticizes FIFA’s plan, calling it ‘trading goods’ and a breach of trust.
Investment offers to national associations
FIFA offered $40 million to each national association for approval by September 19th.
Potential share sale to investors
FIFA plans to sell up to 30% of shares in the World Cup to investors.
Concerns about FIFA’s control
The plan raises concerns about FIFA’s control over World Cup revenue and its governance.
Perspectives
- FIFA plans to create a company to manage World Cup commercial rights.
- FIFA intends to sell a portion of its ownership to private investors.
- The plan involves selling shares in the World Cup for a significant amount of money.
- UEFA and other organizations strongly criticized FIFA’s plan to sell commercial rights.
FIFA believes this is a ‘chance, not an obligation’ to generate revenue and positively impact member associations.
Gianni Infantino
UEFA and other organizations view this as prioritizing profit over FIFA’s role in regulating football and a ‘trading goods’ approach.
UEFA, RTL Nieuws, NRK, Dagens Nyheter
FIFA plans to sell up to 30% of shares in the World Cup.
ZEIT Online, FAZ
UEFA sees this as crossing a line and a significant concern.
Der Standard, UEFA
FIFA argues this will positively impact member associations and improve the tournament.
DW English, DW Deutsch, FIFA
Critics worry about potential conflicts between investors and FIFA’s role in governing football.
France24 English, France24, UEFA