Fifa argues that its proposal to sell World Cup stakes to private investors would provide its 211 member associations with additional funding for football development. Past experience, however, suggests that these resources have not always produced equal benefits. Millions have either disappeared or been diverted from their intended purpose, while Fifa has frequently intervened only […]
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Fifa has revealed a proposal to offer private investors stakes in the commercial rights to its competitions, including the World Cup. The contentious initiative immediately drew criticism from Uefa and several prominent European clubs. In a sharply worded response, Uefa accused Fifa of “putting football’s soul up for sale” and is reportedly assessing possible legal […]
Continue ReadingThe global governing body is set to declare unprecedented earnings of $15bn (£11.2bn) from this summer’s flagship tournament, far surpassing the financial goals established before the competition began. Member associations were briefed on the revenue surge by Gianni Infantino on Saturday. The organization had originally forecast $11bn in income. Reports suggest that hospitality packages and […]
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