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Former world football president criticises FIFA plan to sell $4bn stake
Blatter said the World Cup is a cultural heritage, not a commercial asset, as FIFA plans to sell up to 20% of a new subsidiary.
- 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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63 Articles
63 Articles
Sydney Morning Herald+3 Reposted by 3 other sources
FIFA's World Cup privatisation bid
FIFA is considering privatising the World Cup, but the plan has met fierce resistance.
·North Sydney, Australia
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The International Federation of Professional Football Associations speaks to FIFA's idea of giving private players the rights of the World Cup.
·Las Condes, Chile
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Investors have always been an attractive topic in football, whether at FIFA or in Giesing. There, the "lions" are hard to recognize. Because the investor has snatched the mane from them. What can be learned from this?
·Frankfurt, Germany
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Pinnick backs FIFA proposal to sell stake in World Cup operations
Former NFF President Amaju Pinnick supports FIFA’s proposal to sell a 20% stake in the FIFA World Cup, citing potential revenue benefits for member associa Read More: https://punchng.com/pinnick-backs-fifa-proposal-to-sell-stake-in-world-cup-operations/
Coverage Details
Total News Sources63
Leaning Left13Leaning Right12Center9Last UpdatedBias Distribution38% Left
Bias Distribution
- 38% of the sources lean Left
38% Left
L 38%
C 27%
R 35%
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