23 Hrs
Source:
بوابة الوسط
Infantino Withdraws from 17B Euro Plan
FIFA President Gianni Infantino has withdrawn his plan to restructure the federation's commercial activities by selling a portion of World Cup profits to private investment firms, following widespread criticism and threats of tournament boycotts from the European Union and rejection from continental associations. The proposal involved transferring the management of the World Cup and Club World Cup to a company valued at 17 billion euros, with a 20% stake allocated to private sector investors. This raised concerns about jeopardizing the independence of the tournaments and the rights of national associations. The decision to backtrack came amid significant divisions within the sports community, with some federations supporting the move while others protested both internally and externally. Additionally, the crisis led to resignations and criticism within FIFA itself, and it has impacted Infantino’s political future within the organization.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)