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Soccer-FIFA plans to raise $4.2 billion via stake sales in new subsidiary, angering UEFA

Soccer-FIFA plans to raise $4.2 billion via stake sales in new subsidiary, angering UEFA

By Echo Wang and Rohith Nair July 28 (Reuters) - FIFA said on Tuesday it plans to create a new commercial subsidiary valued at $20 billion, offering a stake of up to 20% to external investors in a move that faced immediate sharp criticism from Europe's UEFA.
Rapid Read Rapid Read
FIFA Faces Backlash Over $20 Billion World Cup Commercialization Plan

FIFA Faces Backlash Over $20 Billion World Cup Commercialization Plan

FIFA, led by President Gianni Infantino, is facing criticism over plans to sell a stake in its commercial operations related to the World Cup. The plan involves creating a new entity, FIFA Forward Enterprise, to manage and sell a significant stake in World Cup-related revenue streams. The move has been condemned by UEFA and other stakeholders, who argue that the commercialization undermines the integrity of the sport. The plan is valued at $20 billion, with Thrive Capital leading the search for investors.
USA Today USA Today
The controversial FIFA proposal shaking the soccer world, explained

The controversial FIFA proposal shaking the soccer world, explained

Even though the World Cup just ended, FIFA has managed to keep itself front and center of the global sports discourse this week.
Reuters Reuters
FIFA plans to sell stakes in $20 billion subsidiary to run World Cup, angering UEFA

FIFA plans to sell stakes in $20 billion subsidiary to run World Cup, angering UEFA

By Echo Wang and Rohith Nair July 28 (Reuters) - FIFA said on Tuesday it plans to create a $20 billion subsidiary to run the World Cup and its other events and will offer stakes of up to 20% in it to external investors, a move that provoked a furious response from UEFA, who accused world soccer's
AP News AP News
Opposition to FIFA's World Cup private equity plan grows as Asia warns of risks and Europeans meet

Opposition to FIFA's World Cup private equity plan grows as Asia warns of risks and Europeans meet

Global opposition to FIFA President Gianni Infantino’s plan for selling a stake in World Cup revenue to private investors has grown
Variety Variety
World Cup Boycott Proposed as Opposition to Controversial FIFA Private Investment Plan Grows

World Cup Boycott Proposed as Opposition to Controversial FIFA Private Investment Plan Grows

Opposition is growing in the soccer world to a plan by the sport’s governing body, FIFA, to spin off its events, principally the World Cup, as a separate commercial entity and invite investors to take a stake in it. The new company, FIFA Forward Enterprise, has been valued at about $20 billion. FIFA would seek […]
AP News AP News
UEFA members to boycott FIFA competitions in protest of World Cup private investors plan

UEFA members to boycott FIFA competitions in protest of World Cup private investors plan

UEFA member federations will boycott all FIFA competitions in protest of Gianni Infantino’s plan to sell stakes in the World Cup to private equity investors
AP News AP News
European nations vow to boycott World Cup, other FIFA tournaments over Infantino private equity plan

European nations vow to boycott World Cup, other FIFA tournaments over Infantino private equity plan

UEFA member federations will boycott all FIFA competitions in protest of Gianni Infantino’s plan to sell stakes in the World Cup to private equity investors
Trendline Trendline
UEFA Criticizes FIFA President Infantino's Plan to Sell World Cup Stakes to Investors

UEFA Criticizes FIFA President Infantino's Plan to Sell World Cup Stakes to Investors

UEFA Criticizes FIFA President Infantino's Plan to Sell World Cup Stakes to Investors
AP News AP News
FIFA's Infantino sets deadline for $20M offer to members in World Cup investor plan

FIFA's Infantino sets deadline for $20M offer to members in World Cup investor plan

FIFA President Gianni Infantino has set a Sept. 19 deadline for the 211 member federations to accept a $20 million offer to each in his controversial plan to sell stakes in a subsidiary running the World Cup
AP News AP News
FIFA plan for Kushner-backed $20 billion operation to run World Cup meets fury from Europe's UEFA

FIFA plan for Kushner-backed $20 billion operation to run World Cup meets fury from Europe's UEFA

FIFA President Gianni Infantino plans to create a $20 billion company running the World Cup with private investors including the Kushner family
Reuters Reuters
Soccer-FIFA plans minority stake sale through new $20 billion entity, UEFA not happy

Soccer-FIFA plans minority stake sale through new $20 billion entity, UEFA not happy

By Echo Wang and Rohith Nair July 28 (Reuters) - FIFA plans to create a new commercial subsidiary valued at $20 billion, world soccer's governing body said on Tuesday, as it seeks backing from its 211 member associations for the proposal in a move already criticised by UEFA.