July 31 (UPI) -- FIFA on Friday said it would proceed with consultations on its proposed private-investment plan after soccer's governing body in Europe voted to boycott all FIFA competition if the proposal remained under consideration.
"Nobody is selling football," FIFA said in a statement. "This is not something FIFA would ever entertain."
The international soccer community was thrown into turmoil Wednesday when FIFA announced that it was considering creating a FIFA Forward Enterprise subsidiary to house its commercial and event operations, including the World Cup.
FIFA said it would invite third parties "to make minority, non-controlling investments in FFE."
The response from the soccer world was swift, with the Union of European Football ***** ociations on Thursday saying it and its 55 member ***** ociations "unanimously and unequivocally reject FIFA's proposal to transfer ownership interests in the World Cup and other FIFA competitions to private investors."
#World #associations #Soccer #Europe
"Nobody is selling football," FIFA said in a statement. "This is not something FIFA would ever entertain."
The international soccer community was thrown into turmoil Wednesday when FIFA announced that it was considering creating a FIFA Forward Enterprise subsidiary to house its commercial and event operations, including the World Cup.
FIFA said it would invite third parties "to make minority, non-controlling investments in FFE."
The response from the soccer world was swift, with the Union of European Football ***** ociations on Thursday saying it and its 55 member ***** ociations "unanimously and unequivocally reject FIFA's proposal to transfer ownership interests in the World Cup and other FIFA competitions to private investors."
#World #associations #Soccer #Europe
3 months ago
