Uefa to hold emergency meeting over Fifa World Cup plans
Summary
UEFA will hold an urgent meeting with its 55 member associations to discuss FIFA’s plan to sell a 20% stake in its competitions to a private investment group. The plan, proposed by FIFA president Gianni Infantino, has caused widespread concern among football organizations, including UEFA and several other continental confederations.Key Facts
- UEFA's emergency meeting is scheduled for Thursday afternoon and will be held virtually.
- FIFA sent a letter to its 211 member associations asking them to accept or reject the stake sale by September 19.
- The deal offers an initial payment of $20 million out of a total $40 million if associations agree.
- The investment group involved is Thrive Eternal, owned by Joshua Kushner, related to President Donald Trump’s family through his daughter Ivanka.
- UEFA and other confederations, including those from Asia, South America, and North and Central America, have expressed strong objections.
- Some UEFA members, like the Czech Republic, see potential practical benefits in the proposal.
- FIFA says the plan aims to provide more money for football development worldwide, including better facilities and support for women’s football.
- FIFA insists private investors will have no control over the World Cup despite the stake sale.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
