'It is not FIFA's to sell': UEFA blasts Infantino's $20 billion World Cup plan, says 'None of us are the owners of football'
UEFA has launched a scathing attack on FIFA president Gianni Infantino 's ambitious proposal to create a $20 billion commercial company to manage the World Cup and other major tournaments, declaring that football's governing institutions have crossed a dangerous line.
The European football body reacted strongly after FIFA officially unveiled plans for FIFA Forward Enterprise (FFE), a new entity that would seek up to $4.2 billion from private investors in exchange for minority, non-controlling stakes in the business, which has been valued at $20 billion.
The European football body reacted strongly after FIFA officially unveiled plans for FIFA Forward Enterprise (FFE), a new entity that would seek up to $4.2 billion from private investors in exchange for minority, non-controlling stakes in the business, which has been valued at $20 billion.
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