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UEFA rejects FIFA's investment plan
The International Federation of Football (FIFA) has announced the creation of a $20 billion entity aimed at managing the World Cup and other tournaments, with 20% of its shares to be offered to external investors. This move seeks to better leverage financial resources and generate greater revenues. It is part of FIFA's efforts to shift the financial center of gravity away from Europe, which currently dominates most of football's income, and to support smaller and emerging member associations through direct and additional funding, thereby enhancing the global standing of the sport. The initiative has faced criticism from the European Football Union, which considered it a sale of the game's spirit, while FIFA continues its attempts to expand its financial and political influence in global football.
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