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
2 days ago
