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EU Targets FIFA Over Tournament Boycott
A total of 55 European countries, represented by UEFA, have convened to announce a boycott of major FIFA tournaments such as the FIFA World Cup for men and women, as well as the Club World Cup, should FIFA approve a proposal to sell its commercial rights to private investors. This escalation comes in protest against FIFA’s plan to establish a new company that would manage the commercial rights of these tournaments and offer stakes to investors. UEFA opposes this project because it threatens the legacy and independence of the tournaments and fears that it could make them subject to investors' interests, impacting their future. This matter is expected to be discussed in October, with FIFA persisting in its efforts to persuade national associations to approve the plan, offering each association financial incentives of up to $40 million, aiming to raise approximately $4.2 billion from foreign investments.
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