UEFA Withdraws from World Cup Over FIFA Decision
The Union of European Football Associations (UEFA) announced its boycott of the World Cup and FIFA competitions in protest against the plan to sell shares to external investors in a company responsible for managing FIFA tournaments, including the World Cup. The member associations unanimously voted on this stance during a remote meeting, with UEFA affirming that its national teams will not participate in any FIFA-organized competitions as long as this plan remains in place. They emphasized that the World Cup should not be treated as an investment product, highlighting that it is a sporting legacy that cannot be handed over to foreign investors. This move was in response to FIFA’s plan to establish a company valued at $20 billion, offering up to 20% stakes to investors, which sparked global discontent among UEFA and continental associations. Strong criticism was directed at the lack of consultation with some regional associations. The Women's World Cup is scheduled to be held in Brazil next year, and the Under-15 World Cup will take place in Azerbaijan this October.
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