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Football2 d ago2 min read

FIFA Proposed Selling Stakes in the World Cup: European Countries Threaten Boycott

FIFA's proposal to create a $20 billion commercial subsidiary to manage the World Cup and other events, offering up to 20% stakes to external investors, has ignited widespread criticism. UEFA, Europe's governing body, has strongly condemned the plan, with reports suggesting European nations might boycott FIFA competitions if the proposal proceeds.

football

ReportageGO · FOOTBA

ReportageGO

By · ReportageGO

FIFA's plan to sell stakes in the World Cup is causing global dissatisfaction.

FIFA is proposing to establish a $20 billion commercial subsidiary to manage the World Cup and other events. Through this new entity, plans are in place to sell up to 20% stakes to external investors.

This plan has immediately faced widespread criticism. UEFA, the governing body of European football, has strongly condemned this proposal.

According to reports, if FIFA proceeds with its proposal, European countries may boycott FIFA competitions. This is expected to have a serious impact on the international football calendar and the fate of future major tournaments.

This issue is causing heated discussions in the football world. This information was reported by The National publication.

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