FIFA has proposed a plan to sell a stake in the business operations of the World Cup and its other major competitions through the creation of a semi-private subsidiary, marking what the organization describes as a reshaping of global football’s commercial landscape. The proposal, which involves investment backing and has been described as “heavily criticised,” has generated significant backlash from multiple football confederations and officials worldwide.
Regional football governing bodies and associations have expressed concerns about the plan. The American confederation stated it was “deeply concerned” by the lack of due process in the proposal, while the Asian confederation expressed disappointment. The Union of European Football Associations (UEFA) and its 55 member associations have scheduled emergency meetings to discuss the issue, with Britain’s Football Association also raising concerns. Former FIFA president Sepp Blatter has criticized the proposal, arguing it moves “people’s game” further from fans.
FIFA President Infantino has set a deadline for the offer related to the plan, which has been characterized as backed by private investors. The proposal has opened what observers describe as a new front in ongoing disputes between FIFA and European football bodies over control of the sport’s commercial wealth. Sources differ in their characterization of the process and implications, with some emphasizing concerns about transparency and stakeholder consultation, while others focus on the commercial restructuring aspects.
Sources
Featured photo by Mitch Rosen on Unsplash