S
Originally published by Standard Sports
📰 Read Full Article
sports
July 29, 2026
2h ago

FIFA's plans to sell Sh540b stake in its tournaments widely criticised

FIFA's plans to sell Sh540b stake in its tournaments widely criticised

CONCACAF followed UEFA by criticising FIFA's controversial plans to sell a stake in the business operations of the World Cup and its other competitions..

✨ Key Highlights

FIFA is facing widespread criticism from football governing bodies over its plan to sell a significant stake in its tournaments through a new subsidiary, FIFA Forward Enterprise (FFE).

  • FIFA intends to raise $4.2 billion by selling minority, non-controlling interests in the FFE, which would be valued at an initial $20 billion.
  • UEFA, CONCACAF, and the European Union have all voiced strong opposition, calling the plan a betrayal of football's governance.
  • The plan, reportedly involving investors like Thrive Capital and JP Morgan Chase, was leaked to the press and is facing scrutiny for its lack of transparency.

Continue Reading

Read the complete article from Standard Sports

📰 Read Full Article
Advertisement

Related News

Advertisement