FIFA proposes 20% tournament rights sale
The FIFA (International Federation of Football Associations) has reconsidered its plan to sell a stake of up to 20% of its commercial rights related to the World Cup and other tournaments, in an effort to raise approximately $4.2 billion while maintaining control over decision-making. The plan involved creating a new commercial entity valued at around $20 billion, which would pool revenue sources such as broadcasting rights, sponsorships, and tickets, and would allow external investors to participate. The proposal faced widespread criticism from continental and national associations due to limited consultation and transparency issues, leading to its withdrawal and an apology from FIFA's President for the mistakes made. FIFA is still reviewing the matter, with the possibility of reintroducing it in a format that better aligns with the concerns of the involved parties.
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