UEFA Opposes FIFA Investment Plan
The European football governing body (UEFA) intends to hold an emergency meeting this week to discuss FIFA's plan to sell stakes in a new entity valued at $20 billion, which will manage the World Cup and international tournaments. FIFA plans to offer up to 20% of its shares to external investors. The move has sparked anger from UEFA, which considers it an attempt to sell the soul of the sport. The plan aims to raise up to $4.2 billion, while keeping control of the new entity in FIFA's hands. The meeting is convened to discuss the reactions and potential adjustments to this plan.
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