1 Day
Source:
اقتصاد سكاي نيوز عربية
AFC Criticizes FIFA Over Investment Plan
The Asian Football Confederation has challenged FIFA's plan to involve private sector investors in the management of the World Cup and its tournaments, criticizing the lack of consultation and transparency. They have called for national federations to be given time to assess the financial and legal implications of the proposal. The President of the Asian Confederation, Sheikh Salman bin Ibrahim, expressed concern over the lack of support from continental federations and indicated that the proposal undermines the foundations of cooperation and transparency in football, emphasizing the need for a legal and administrative review before implementation. FIFA proposes establishing a new entity valued at $20 billion to oversee operations, offering financial incentives to federations and presenting shares to external investors. The plan includes financing options up to $40 million for each federation, which has drawn criticism due to financial pressures and the absence of prior consultation with stakeholders.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)