Fifa stands firm on investor plan despite criticism
FIFA has responded to criticism regarding its proposed private investment plan, emphasizing its commitment to an “open and democratic” consultation with stakeholders. The organization stated that all member associations should have the opportunity to consider the plan. UEFA has expressed strong opposition, even threatening to boycott the World Cup over the proposal. FIFA insists it is not selling football and will continue its consultation process despite disruptions from media reports.
Match highlights
- FIFA reaffirmed its commitment to consulting all stakeholders about the private investment plan.
- UEFA threatened to boycott the World Cup in protest against the creation of a commercial subsidiary for FIFA’s major events.
- FIFA stated that no part of football is being sold and dismissed the idea as something it would never entertain.
- The plan could raise up to 20 billion for the FIFA Forward Enterprise (FFE) initiative and provide each of FIFA’s 211 member associations with a one-off payment of 8.0 million to $20 million.
- FIFA said the consultation process was disrupted by incorrect media reports but will proceed to ensure every member association can vote based on facts.
