Ex-FIFA Chief Blatter Blasts Plan to Sell Stake in World Cup to Investors
The plan would let outside investors buy up to 20% of a new commercial unit as FIFA seeks fresh funding for its tournaments.
- On Tuesday, FIFA announced plans to create a $20 billion subsidiary to run The FIFA World Cup and other events, offering stakes of up to 20% to external investors.
- French Football Federation Chief Philippe Diallo and other European federations expressed alarm over the lack of consultation, stating member associations were excluded from the decision-making process.
- LaLiga President Javier Tebas argued commercial rights are not FIFA President Gianni's personal property, while Former FIFA President Sepp Blatter warned the move is "deeply damaging football."
- The AFC requested stakeholders receive sufficient time to assess governance and strategic implications, while UEFA Executive Committee Member and Vice President of German Football Association Hans-Joachim Watzke noted strong consensus against the plans.
- Critics argue relentless commercialization of The FIFA World Cup threatens the sport's core appeal, and UEFA officials warn that bypassing member federations creates significant governance risks.
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Here you will find information on the topic "WM rights for sale?". Read now "Neuendorf calls FIFA investor plan "extremely problematic".
The post-World promises to be hot especially in European football. FIFA's plan to allow the entry of private investors into a company that should strengthen the financing of federations, fell very badly to the European football forums, so that the proposal will motivate an emergency meeting this Wednesday. The revelation is from the French Minister of Sports, Marina Ferrari, and corporates the indignation of the Old Continent against the plan of…
With the establishment of a new company that will issue shares, FIFA wants to change all kinds of things about its own organization. Four questions about this plan.
Ex-FIFA chief Blatter blasts plan to sell stake in World Cup to investors
ZURICH, July 29 : Former FIFA President Sepp Blatter on Wednesday slammed the world football governing body's plans to create a $20 billion subsidiary to run the World Cup, saying the tournament was not a commercial asset that belonged to a few executives.Blatter, who was FIFA president for 17 years until 201
French Minister of Sport advances that the European football bodies will gather in the face of FIFA's intention to sell part of the World Cup shares to private people, wanting to speak "in one voice".
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