UEFA Members Vote 55 to 0 to Boycott World Cup Over FIFA’s $20 Billion Stake Deal
UEFA members voted 55 to 0 on Thursday to boycott the World Cup and all other FIFA tournaments. The decision removes European teams from future competitions unless FIFA cancels plans to create a new commercial subsidiary valued at roughly $20 billion to sell outside stakes.
FIFA has outlined a plan to raise $4.2 billion by offering a minority stake exceeding 20 percent to private investors, with a fund led by Josh Kushner expected to lead the bid. The vote marks a hardening of positions after European federations criticized the deal as a threat to the sport’s financial model, following weeks of lobbying to secure approval by Sept. 19.
From the sources (25 posts)
@ftFT Exclusive: Fifa is planning to sell a significant minority stake in a new commercial entity valued at about $20bn, as it seeks to cash in on the success of this summer’s World Cup, according to people familiar with the matter. https://t.
@ftFifa plans stake sale in new $20bn commercial vehicle
@moreperfectusFIFA president Gianni Infantino is now planning to sell stakes in the World Cup to private investors. Critics say the scheme could ruin the sport. It could also potentially earn him tens of millions of dollars, per @martynziegler.
@sophiacai99FIFA becomes even more entwined with the Trump family. Jared Kushner’s brother Joshua Kushner (Thrive Capital) is expected to lead FIFA’s proposed investor group, per @martynziegler
@marionawfalFIFA boss Gianni Infantino is trying to sell a chunk of the World Cup’s commercial rights to private investors for around £15B He’s creating a new company to own the TV deals, sponsorships and all the money-making bits, then selling a mino
@ajenglishRT @AJE_Sport: FIFA has unveiled plans to create a $20bn subsidiary to run the World Cup and other tournaments, with minority stakes to out…
@afpFIFA says it hopes to sell $4.2bn stake in its tournaments. FIFA Forward Enterprise would be created with private investors and some media reports say FIFA president Infantino, stands to profit by becoming commissioner of the FFE. FIFA den
@clashreportEuropean football nations are discussing boycotting the FIFA World Cup if Gianni Infantino pushes ahead with plans to sell off part of FIFA to private investors. FIFA has confirmed it wants to launch a $20 billion subsidiary called FIFA Fo
@osint613European football nations are weighing a World Cup boycott if FIFA proceeds with selling a stake to private investors, per Sky News. The plan: raise $4.2 billion by selling 20%-plus of a new $20 billion subsidiary, FIFA Forward Enterprise.
@afp⚽ CONCACAF followed UEFA on Wednesday by criticising FIFA's controversial plans to sell a stake in the business operations of the World Cup and its other competitions through the creation of a semi-private subsidiary. ➡️
@faytuksnetworkUEFA is boycotting the FIFA World Cup in protest of FIFA’s plan to sell stakes in the tournament to private investors - The Times
@newswire_usUEFA MEMBERS AGREE TO BOYCOTT WORLD CUP
@clashreportBREAKING: UEFA's 55 national associations have unanimously agreed to boycott the World Cup and all FIFA competitions if Gianni Infantino goes ahead with plans to sell part of FIFA to private investors.
@meidastouchUEFA just unanimously voted to boycott the World Cup over FIFA’s plan to sell stakes in the tournament to private investors. And who is leading the investor group? Joshua Kushner, Jared Kushner’s brother. And the “other” Kushner now trying
@ftEuropean nations to boycott World Cup in protest at Fifa’s plans
@cnnEurope's national soccer teams vote to boycott future World Cups over FIFA's plan to inject private money into the tournament. Follow live updates.
@osint613UEFA is boycotting the FIFA World Cup over FIFA's plan to sell stakes in the tournament to private investors. - The Times
@businessBREAKING: UEFA’s members agree to boycott the World Cup and FIFA events if the football body proceeds with plans to sell stakes to private investors
@afp#BREAKING UEFA says will boycott World Cup if FIFA presses ahead with private investor plan
@reutersBREAKING: UEFA's member associations unanimously voted to boycott the World Cup and other FIFA competitions in protest at FIFA's plan to sell stakes to external investors in a subsidiary that will run the global governing body's tournamen
@polymarketintelAll 55 UEFA member associations will boycott the next men's and women's World Cups over Gianni Infantino's FIFA Forward Enterprise plans. UEFA: "The World Cup belongs to football and will never be for sale."
@afp⚽ 🏆 European football's governing body UEFA said on Thursday it would boycott the World Cup should FIFA press ahead with its private investor plan ➡️
@thehillUEFA votes to boycott World Cup as FIFA seeks private investment
@marionawfal🇪🇺 All 55 European nations just voted to boycott the World Cup UEFA, the body that runs European soccer, met today and voted 55 to 0 to pull their national teams out of all future men's and women's World Cups. The richest bloc in world soc
@wsjEuropean countries decided on Thursday that they would boycott all FIFA tournaments, including the World Cup, following a proposal to sell off commercial rights to private investors. Read more: 🔗