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EU approves FIFA World Cup sales
The European Football Union "UEFA" announced its boycott of FIFA's new project to sell the rights to organize the World Cup to investors, while the Czech Republic expressed its initial support for the initiative aimed at establishing a private company to manage FIFA’s profitable activities, including the organization of the World Cup, broadcasting rights, and marketing. This Czech stance comes ahead of an emergency UEFA meeting attended by 55 national associations to discuss opposition to the project, while the Czech Football Association's president confirmed that the project will provide significant funding for the development of football in his country. FIFA had previously announced its plan to establish a new company to lead such activities, involving the sale of a portion of shares to external investors, while maintaining the largest stake (80%).
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