5 Hrs
Source:
الاقتصادية
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FIFA plans to sell 20% of broadcast rights
The International Federation of Football Association (FIFA) has reopened the file concerning the sale of up to 20% of its commercial activities related to the World Cup and its other tournaments, after the project "FIFA Forward Enterprise" was withdrawn. This project aimed to establish an independent company consolidating the federation's financial rights, valued at approximately $20 billion. The goal was to raise up to $4.2 billion from selling the stake while maintaining control over decisions related to the tournaments. The project faced widespread opposition from continental and national associations due to a lack of consultation and decision-making procedures, resulting in FIFA withdrawing it and its president apologizing for the errors. The idea remains under review, and it is expected to be reintroduced after addressing its shortcomings, amid calls for reform in the federation's decision-making systems to ensure transparency and protect stakeholders' rights.
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