Riyal Responds to FIFA World Cup Investment Withdrawal
Real Madrid Club de Fútbol welcomes the decision by the International Federation of Association Football (FIFA) to abandon its controversial plan to allow private sector investment in its tournaments, particularly the World Cup, following a strong reaction from the Union of European Football Associations (UEFA) and its continental confederations. The club affirmed that this decision serves the best interests of football and its institutions, expressing gratitude to UEFA and the football associations that opposed the project and preserved the unity and shared responsibility in protecting the sport. Previously, FIFA announced a plan to establish a commercial entity managing major tournaments, including the World Cup, which would enable private investment and potentially generate 1.42 billion dollars. However, opposition from UEFA led FIFA to back down from that plan.
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