EU Pushback as FIFA Plans to Sell World Cup Stakes to Investors
TL;DR Summary
The European Union and UEFA criticized FIFA’s plan to create a $20 billion subsidiary to run the World Cup and offer up to 20% stakes to external investors, warning it could undermine the sport and clash with EU law. FIFA says the capital would fund football development and investors would hold minority stakes, with proceeds reinvested. Reactions range from possible boycotts and concerns about due process to calls for careful scrutiny by regulators.
- 'Hands off our game': EU slams FIFA for selling a stake in the World Cup Euronews
- World Cup for sale? FIFA's controversial plans explained ESPN
- AFC president doubles down on FIFA, calling World Cup plan ‘unacceptable’ Al Jazeera
- Uefa calls emergency meeting as opposition to Fifa plan hardens The Guardian
- In a sport obsessed by money, is Gianni Infantino’s indecent proposal really such a surprise? - The Athletic The New York Times
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