🔴 UEFA to boycott World Cup over FIFA proposals
Summary
UEFA, the European football organization, has decided to boycott the FIFA World Cup and other FIFA events if FIFA continues with its plan to allow private investors to buy shares in a company running the tournaments. UEFA and others are concerned that selling parts of football's biggest competitions to investors will harm the sport and were upset about the lack of consultation before the plan was announced.Key Facts
- UEFA and all its member associations said they will not take part in FIFA competitions if the private investor plan goes ahead.
- FIFA wants to create a commercial company to manage big events like the World Cup, letting private investors own minority shares.
- FIFA expects to raise about $4.2 billion by selling stakes in this new company.
- The plan could give each of FIFA’s 211 member groups a one-time payment of $20 million and increase their future funding.
- FIFA President Gianni Infantino supports the plan, calling it a chance to grow football worldwide.
- Several European football bodies and some government officials criticize the plan, worrying it puts the sport at risk.
- Other regional organizations like CONCACAF, AFC, and CAF also expressed concerns or asked members to review the proposal.
- UEFA criticized FIFA for making the plan without proper consultation and stated that football’s biggest competitions should not be for sale.
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