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UEFA criticizes FIFA's World Cup share sales
The news discusses FIFA's (Fédération Internationale de Football Association) plan to reshape the management of the World Cup and other major tournaments by establishing a new company in which FIFA will hold a majority stake. Between 20% and 30% of the shares will be allocated to private investors, including figures such as Joshua Kushner and J.P. Morgan Bank. This approach has sparked anger among the European Football Union (UEFA), which strongly criticized the idea of selling shares in the world's biggest football competitions, considering it a violation of the integrity and traditions of sports and calling for transparency. FIFA’s goal with this move is to increase investments and maximize the economic value of the tournaments while maintaining a majority stake. However, the critics argue that this threatens the spirit of football by turning it into a commercial market, viewing the step as contrary to the values of fairness and transparency in sports.
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