1 Day
Source:
The New York Times
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FIFA Reaffirms Commitment to Football Development
FIFA plans to advance with a consultation on selling stakes in a new commercial entity, FIFA Forward Enterprise, amid opposition from UEFA, Concacaf, and the AFC. Several member associations oppose the proposal, which would involve selling a minority stake valued at $20 billion to external investors, raising concerns over governance and the future of the World Cup. Despite widespread criticism and potential for a boycott, FIFA states it will continue to pursue the plan, linking the creation of the new entity and partial sale to increased revenues and member payments.
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