Saudi government official Turki Alalshikh has withdrawn from his planned investment in Derby County. Alalshikh’s Lion Sport appeared close to completing the transaction after it received approval from the English Football League and the Independent Football Regulator. However, Derby learned on Monday that Alalshikh had decided not to proceed with the acquisition of a stake […]
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Infantino was elected Fifa president in 2016, defeating AFC president Sheikh Salman al-Khalifa by 115 votes to 88. The next Fifa president is due to be confirmed at the organisation’s 77th Congress in Morocco next March. Anyone wishing to stand must submit their candidacy by 18 November. Before this week’s developments, Infantino had been expected […]
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Fifa plans to establish a commercial subsidiary responsible for managing its leading competitions, including the World Cups, while allowing outside investors to acquire shares in the business. The organisation said it would allow external parties to make minority investments without gaining controlling authority in the new company, named Fifa Forward Enterprise (FFE). Fifa stated on […]
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Following Thursday’s virtual meeting, chaired by president Aleksander Ceferin, Uefa issued a statement saying that the organisation and all 55 of its member associations were united in their position. The statement said they firmly and unanimously opposed Fifa’s plan to hand ownership stakes in the World Cup and its other tournaments to private investors. A […]
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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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Uefa’s 55 national associations are expected to convene an emergency meeting later this week to consider Fifa’s disputed plan to sell ownership shares in its leading tournaments. The global governing body for football intends to establish a separate commercial company responsible for managing its flagship events, including the World Cup, with outside investors permitted to […]
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