FIFA President Gianni Infantino has called the plan to sell stakes in the World Cup a proposal but "not an obligation", after the idea provoked a furious response from a number of football authorities.
FIFA announced plans this week to create a $20bn subsidiary to run the World Cup and its other events, and said it will offer stakes of up to 20% in it to external investors.
The proposal drew strong criticism from the sport's regional confederations, which said they were blindsided by the plan by world football's governing body to bring private investors into the sport.
But Infantino said strengthening the commercial side of the game is the natural next step in this evolution.
"It's part of a democratic process – a consultation process – and, above all, it is an opportunity but not an obligation, and, as I said, it kicks off the consultation process," Infantino said in a video provided by FIFA on Wednesday.
#process #plan #investors
FIFA announced plans this week to create a $20bn subsidiary to run the World Cup and its other events, and said it will offer stakes of up to 20% in it to external investors.
The proposal drew strong criticism from the sport's regional confederations, which said they were blindsided by the plan by world football's governing body to bring private investors into the sport.
But Infantino said strengthening the commercial side of the game is the natural next step in this evolution.
"It's part of a democratic process – a consultation process – and, above all, it is an opportunity but not an obligation, and, as I said, it kicks off the consultation process," Infantino said in a video provided by FIFA on Wednesday.
#process #plan #investors
3 months ago
