Gianni Infantino wants to sell the FIFA World Cup to a Trump associate. Here's what could happen - ABC News
FIFA President Gianni Infantino is exploring the sale of the World Cup to an associate of Donald Trump, which could have significant implications for the tournament's management and integrity.
Gianni Infantino, the president of FIFA, has proposed a significant move to sell stakes in the organization's events and competitions arm to private investors, a plan that has sparked criticism from major football confederations. This $20 billion initiative aims to establish a commercial subsidiary known as FIFA Forward Enterprise (FFE), which would allow private buyers to gain control over prestigious tournaments such as the World Cup and Club World Cup.
Controversial Proposal Faces Backlash
Infantino's announcement has met with immediate backlash, particularly from the Union of European Football Associations (UEFA), one of football's most powerful governing bodies. In conjunction with the proposal, Infantino has offered a one-time funding boost of $20 million to FIFA member nations that support the FFE initiative. If approved, the deal would enable investors to dictate the commercialization, frequency, and scale of FIFA tournaments.
Understanding FIFA Forward Enterprise
The FIFA Forward Enterprise is described by FIFA as a new subsidiary that will consolidate the organization's commercial and event operations while maintaining FIFA's control over governance and regulatory decisions. Infantino expressed hope that the FFE could generate sufficient revenue to provide an additional $20 million in funding by 2030, aimed at enhancing infrastructure, coaching, national teams, and grassroots football, including the women's game, across member nations.
Infantino stated, "Parts of [football] have turned [its] popularity into remarkable commercial value – and we celebrate that success and want it to continue, because it lifts the whole game." He emphasized the need for a dedicated structure to support the commercial side of football, aiming to share its value more effectively worldwide. FIFA also noted the financial benefits that each of its 211 members could receive through the FFE's initiatives, which could significantly enhance the current funding promises.
Source: abc.net.au