Infantino insists FIFA’s World Cup plan is proposal and not ‘obligation’
Summary
FIFA President Gianni Infantino said the plan to sell shares of the World Cup is only a suggestion, not a requirement. FIFA wants to create a company worth $20 billion to manage the World Cup and sell up to 20% to outside investors, but some football groups are unhappy about this.Key Facts
- FIFA plans to create a $20 billion subsidiary to manage the World Cup and other events.
- FIFA may sell up to 20% ownership of this subsidiary to private investors.
- Some regional football organizations criticized the plan, saying they were not consulted.
- Infantino described the plan as a proposal to start a consultation process, not an obligation.
- FIFA generates billions from broadcast rights, sponsorships, and commercial deals tied to the World Cup.
- Infantino emphasized that football fans will remain central to the sport.
- FIFA will continue to govern football independently without outside control.
- The FIFA World Cup and Women’s World Cup will remain flagship events under FIFA’s management.
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