FIFA plan sparks UEFA anger

The Union of European Football Associations (UEFA) is preparing to hold an emergency meeting to discuss the International Football Federation’s (FIFA) plan to issue up to 20% of shares in a new commercial entity called "FIFA Forward Enterprise." This entity is estimated to be worth around $20 billion and aims to raise $4.2 billion to support FIFA’s programs and expand its investments. The project has angered UEFA, which accused FIFA of attempting to sell the soul of football and involving private investors in the management of major tournaments, potentially prioritizing commercial interests over sporting values. The meeting is expected to be held via video conference to discuss the implications of the proposal and to unify the European stance on the project.

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