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FIFA issues deadline to members over plan to sell $4 bn stake
NG🏛️ PoliticsCenter4 hr. ago

FIFA issues deadline to members over plan to sell $4 bn stake

FIFA has proposed selling a $4 billion stake in major competitions, including the World Cup, offering member associations $40 million each if they support the plan. Member associations must commit by September 19. The proposal involves creating a commercial subsidiary to manage events, which has drawn criticism from UEFA and the Asian Football Confederation, who argue the World Cup should not be treated as an asset for sale. European Union sports chief Glenn Micallef criticized FIFA's move, calling it 'hands off our game.' FIFA President Gianni Infantino outlined a $10 billion funding package available starting January 1, 2027, with an alternative $2.7 billion development fund if the proposal is rejected. Critics have accused the plan of being 'pure bribery.'

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Vanguard Nigeria logoVanguard NigeriaIndependentCenter4 hr. ago
FIFA issues deadline to members over plan to sell $4 bn stake

FIFA has proposed selling a $4 billion stake in major competitions, including the World Cup, offering member associations $40 million each if they support the plan. Member associations must commit by September 19. The proposal involves creating a commercial subsidiary to manage events, which has drawn criticism from UEFA and the Asian Football Confederation, who argue the World Cup should not be treated as an asset for sale. European Union sports chief Glenn Micallef criticized FIFA's move, calling it 'hands off our game.' FIFA President Gianni Infantino outlined a $10 billion funding package available starting January 1, 2027, with an alternative $2.7 billion development fund if the proposal is rejected. Critics have accused the plan of being 'pure bribery.'

Bias read (Center): The article presents the proposal from FIFA and includes reactions from UEFA and the Asian Football Confederation, as well as criticism from the EU sports chief. It does not show clear ideological leaning toward either side, presenting multiple perspectives without overtly favoring one faction. The

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