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UEFA Threatens Exit Over FIFA’s Private Sale Plan | Edmonton News
Description
UEFA is poised to boycott all FIFA tournaments—including the World Cup—if FIFA’s controversial plan to sell minority stakes in the World Cup to private investors moves forward. The proposal, backed by venture capitalist Joshua Kushner and advised by J.P. Morgan, aims to raise billions through a new entity called FIFA Forward Enterprise. This isn’t the first time FIFA president Gianni Infantino has pushed such a deal—his 2018 attempt with a Japanese firm collapsed amid fierce UEFA opposition. UEFA, representing 55 nations, has unanimously rejected the plan, calling the World Cup a sporting legacy, not an investment product, and threatening to pull all national teams unless the proposal is scrapped. Infantino is offering member federations $40 million to approve the deal, with $20 million available by September 19. With FIFA’s 211-member vote looming and Infantino’s re-election bid already under pressure, the stakes couldn’t be higher.
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