FIFA issues deadline to members over plan to sell $4 bn stake
FIFA has given member associations until September 19 to support a plan that would sell a stake in its major competitions, with each member reportedly set to receive $40 million if the proposal goes through.supersport+1 According to reports, FIFA wants to create a new company to run its biggest events, including the World Cup and Club World Cup, and then sell up to 20 or 21 percent of the business to private investors. The move could generate about $4.2 billion, while a broader funding package tied to the project could rise to $10 billion.reuters+4 FIFA president Gianni Infantino has reportedly told member associations that they must decide by September 19 if they want to benefit from the payout. If approved, the plan would represent one of FIFA’s biggest commercial shifts in recent years and could reshape how the body funds […]