FIFA hit by furious backlash over plans to sell stake in competitions
Summary
FIFA plans to sell part of its business operations for the World Cup and other tournaments by creating a private company. This plan has caused strong criticism, especially from UEFA, the European football organization.Key Facts
- FIFA wants to sell a $4.2 billion stake in the business side of its competitions.
- The sale involves creating a private subsidiary to manage these business operations.
- UEFA has expressed strong opposition to FIFA's plan.
- The news caused a sharp backlash among football fans and organizations.
- The proposed deal includes involvement from investors linked to Jared Kushner.
- FIFA's intention is to raise money through this new business structure.
- The controversy highlights tensions between global and European football authorities.
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