FIFA's plan to sell World Cup to private investors met with shock and anger by the world of football - Yahoo Sports
FIFA's plan to sell World Cup rights to private investors has been met with widespread shock and anger from the football community, raising concerns about the sport's integrity.
FIFA's recent proposal to engage private investors in the management of the World Cup has ignited significant backlash across the football community. The announcement, made by FIFA president Gianni Infantino, involves the establishment of a $20 billion (€17.5 billion) entity named FIFA Forward Enterprise (FFE), which would oversee competitions such as the World Cup and Club World Cup.
Concerns from Former Leaders and Officials
Former FIFA president Sepp Blatter has raised alarms regarding Infantino's connections with US President Donald Trump, particularly highlighting the involvement of Thrive Eternal, a firm led by Joshua Kushner, who is related to Trump. This has fueled skepticism about the motivations behind the proposed investment strategy.
Glenn Micallef, the EU Commissioner for Sport, expressed his disapproval on social media, stating, "Hands off our game." This sentiment reflects a broader concern among football governing bodies worldwide, who have voiced their opposition to FIFA's initiative.
UEFA's Strong Opposition
UEFA was quick to respond, asserting that football should not be treated as a commercial asset. In a statement, UEFA emphasized, “This crosses a line that football’s governing institutions should never cross.” The organization underscored the importance of maintaining the integrity of the sport, stating that “the soul and governance of football are not assets to trade — especially with zero transparency as to who gains financially.”
UEFA vice-president Gabriele Gravina also condemned the proposal, warning that it risks undermining the delicate balance between the sport's commercial aspects and its cultural significance. He stated, "Football cannot be reduced to a private affair," highlighting the potential dangers of prioritizing business interests over the sport's core values.
In response to the controversy, UEFA has scheduled an emergency meeting to discuss the implications of FIFA's plan. French sports minister Marina Ferrari confirmed the meeting, emphasizing the need for a unified stance among European football authorities in light of a project that could drastically alter the sport's landscape.
La Liga's Critique
La Liga president Javier Tebas also criticized Infantino, accusing him of intertwining "politics, discipline, money and power without transparency." His remarks reflect a growing frustration among football leaders regarding the direction FIFA is taking.
As the football world reacts to these developments, the future of the World Cup and its governance remains uncertain, with many calling for a reevaluation of FIFA's approach to private investment in the sport.
Source: sports.yahoo.com