American, Asian confederations blindsided by FIFA’s World Cup plan
Summary
FIFA has proposed creating a $20 billion company to manage the World Cup and other events and wants to sell up to 20% of it to private investors. Football groups from North America, Asia, and Europe criticized FIFA for announcing the plan publicly before consulting them.Key Facts
- FIFA plans a $20 billion commercial subsidiary to run the World Cup and related events.
- FIFA would keep control but sell minority stakes worth up to $4.2 billion to private investors.
- CONCACAF (North America’s football body) and AFC (Asia’s football body) said they only learned about the plan from the news, not through official talks.
- Both groups expressed concern about the lack of proper consultation and the need for good governance.
- The AFC called for transparency and discussion before decisions that affect the sport’s future are made.
- About 143 out of 211 FIFA member associations’ confederations have raised concerns about this plan.
- FIFA’s president, Gianni Infantino, said FIFA aims to support football’s growth everywhere.
- Some national football leaders, like France’s, also said they were not informed and had questions about bringing private investors in.
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