FIFA hit by furious backlash over plans to sell stake in competitions
Summary
FIFA plans to sell part of the business side of the World Cup and other tournaments by creating a new company called FIFA Forward Enterprise. FIFA will keep control but wants to raise $4.2 billion by selling small shares to long-term investors. These plans have caused strong negative reactions from many people.Key Facts
- FIFA is creating a private company called FIFA Forward Enterprise.
- This company will handle the business operations of the World Cup and other FIFA tournaments.
- FIFA plans to keep majority ownership and control of this company.
- FIFA aims to raise $4.2 billion by selling minority shares to selected long-term investors.
- The investors will not have controlling rights in the new company.
- FIFA announced the plan on Tuesday, July 29, 2026.
- Many people and groups have strongly criticized and opposed this move.
- The backlash happened quickly after FIFA revealed these plans.
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