Fifa says 'nobody selling football' as it presses ahead with investment plan
Summary
Fifa plans to create a new commercial company and allow outside investors to buy minority shares in it. Several football associations in Europe and North and Central America have opposed the plan and threatened to boycott future World Cups. Fifa says no football is being sold and wants to continue consulting with all member associations before making a decision.Key Facts
- Fifa wants to form a commercial subsidiary called Fifa Forward Enterprise (FFE) to manage its main events like the World Cups.
- External investors would be invited to buy small, non-controlling shares in this new company.
- The proposal needs approval from a majority of Fifa’s 211 member associations, requiring at least 106 votes.
- European football’s 55 member associations have voted to boycott World Cups if the plan goes ahead.
- Concacaf, which oversees football in North and Central America, also rejected the plan.
- UEFA and Concacaf together represent 96 associations, many expected to vote against the proposal.
- Fifa says the consultation process was disrupted by wrong media reports and will continue to hear all members’ views.
- Fifa insists the plan will allow associations to share in football’s commercial benefits without harming the sport’s spirit or governance.
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