UEFA says will boycott World Cup if FIFA pushes private investor proposal
Summary
UEFA, the organization governing football in Europe, said it will not let European national teams play in the World Cup if FIFA goes ahead with a plan to involve private investors in managing the tournament. UEFA demands that FIFA completely drop the plan and promise not to allow private ownership in football competitions again.Key Facts
- UEFA is the body in charge of European football teams.
- FIFA is the organization that runs international football events like the World Cup.
- FIFA proposed a plan to sell a stake in its tournaments to private investors to raise about $4.2 billion.
- This plan is backed by investor Jared Kushner and aims to create a $20 billion operation for the World Cup.
- UEFA strongly opposes this plan and says European teams will boycott any FIFA competitions while the plan exists.
- UEFA wants FIFA to guarantee that football competitions will not be opened to private ownership.
- FIFA president Gianni Infantino is leading these efforts to involve private equity.
- The conflict reflects broader concerns about money and control in global football.
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