4 hours ago
FIFA will ask its 211 member ******* ociations to vote on its controversial plan to sell minority stakes in the World Cup in September, multiple outlets reported—although the plan has already been criticized by soccer governing bodies in the Americas, Asia and Europe.
FIFA confirmed plans to raise $4.2 billion for a new entity controlling the nonprofit's "commercial and event operations" at a $20 billion equity valuation.
In a deal first reported by The Times and the Financial Times, FIFA is planning to raise an estimated $4.2 billion in 2026 by selling a reported 20% minority stake in a new subsidiary at an equity valuation of $20 billion.
FIFA confirmed the plans in an announcement on Tuesday morning, which said the new company would be called FIFA Forward Enterprise and would control the nonprofit organization's "commercial and event operations."
FIFA's 211 member ******* ociations would each be given $20 million in funding if the deal goes through, the organization said, and annual funds to members would continue increasing through 2038.
#reported #associations #minority #plans
FIFA confirmed plans to raise $4.2 billion for a new entity controlling the nonprofit's "commercial and event operations" at a $20 billion equity valuation.
In a deal first reported by The Times and the Financial Times, FIFA is planning to raise an estimated $4.2 billion in 2026 by selling a reported 20% minority stake in a new subsidiary at an equity valuation of $20 billion.
FIFA confirmed the plans in an announcement on Tuesday morning, which said the new company would be called FIFA Forward Enterprise and would control the nonprofit organization's "commercial and event operations."
FIFA's 211 member ******* ociations would each be given $20 million in funding if the deal goes through, the organization said, and annual funds to members would continue increasing through 2038.
#reported #associations #minority #plans
5 hours ago
Gianni Infantino has told the heads of Fifa's 211 member **** ociations that they could miss out on a $30m payment if they do not back his plan to sell stakes in the World Cup, and has given them just 53 days to decide.
On Tuesday, Fifa revealed plans to create a new subsidiary to manage the commercial rights and delivery of the World Cup and other major tournaments, with Infantino confirming that the new company - 'Fifa Forward Enterprises (FFE)' - would be open to external capital investment.
Infantino's plans have been heavily criticised by Uefa, who accused Fifa of looking to sell the game's "soul", while The Independent understands the threat of a boycott is being discussed by senior European figures. The proposals, though, only require a majority vote, of above 50 per cent, from the 211 Fifa members as well as backing from the Fifa Council.
Infantino is planning to sell stakes in the World Cup to private investors (PA)
In a letter to the member **** ociations, seen by The Independent, Infantino has promised that national federations would benefit from an increase of its 'Fifa Forward' funding from around $8m to $20m for the upcoming four-year cycle between 2027 and 2031 if the new FFE subsidiary is created.
#member #associations #stakes
On Tuesday, Fifa revealed plans to create a new subsidiary to manage the commercial rights and delivery of the World Cup and other major tournaments, with Infantino confirming that the new company - 'Fifa Forward Enterprises (FFE)' - would be open to external capital investment.
Infantino's plans have been heavily criticised by Uefa, who accused Fifa of looking to sell the game's "soul", while The Independent understands the threat of a boycott is being discussed by senior European figures. The proposals, though, only require a majority vote, of above 50 per cent, from the 211 Fifa members as well as backing from the Fifa Council.
Infantino is planning to sell stakes in the World Cup to private investors (PA)
In a letter to the member **** ociations, seen by The Independent, Infantino has promised that national federations would benefit from an increase of its 'Fifa Forward' funding from around $8m to $20m for the upcoming four-year cycle between 2027 and 2031 if the new FFE subsidiary is created.
#member #associations #stakes
