Uefa threatens Fifa with legal action over investment plan
Summary
Uefa has threatened to take legal action against Fifa over plans by Fifa's president, Gianni Infantino, to allow private investors to buy stakes in Fifa competitions. The plan involved creating a new company to manage big football events like the World Cup, but it has faced criticism and loss of support from football organizations.Key Facts
- Gianni Infantino has been Fifa president for 10 years.
- Fifa wanted to sell minority ownership stakes in a new business to outside investors.
- The new company would have managed Fifa's main football events.
- Uefa and Concacaf publicly criticized the plan.
- Wales was the first country to withdraw support for Infantino’s re-election as Fifa president.
- Uefa sent a letter threatening legal action and asked Fifa to preserve all related documents.
- Fifa calls the new company Fifa Forward Enterprise (FFE).
- BBC Sport sought a comment from Fifa but had no reply yet.
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