UEFA warns of World Cup boycott over FIFA stake plan
The Union of European Football Associations (UEFA) has threatened to boycott all competitions organized by the International Federation of Association Football (FIFA), including the World Cup, in protest against FIFA’s plan to sell stakes in its tournament management to private sector investors. UEFA has refused to allow its national teams to participate in any competitions organized by FIFA if the organization proceeds with its plan without providing guarantees that it will not open the door to private ownership of tournament management in the future. This move comes after FIFA announced the establishment of a new company valued at up to $20 billion, offering up to 20% of its shares to investors, sparking widespread objections from the European Union.
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