Channel NewsAsia
Channel NewsAsia
AsiaPac · 7 hrs ago

Defiant FIFA doubles down on private investment plan, says 'nobody is selling football'

July 31 : FIFA said on Friday it would push ahead with consultations on a plan to bring private investment into the World Cup and its other tournaments, after Europe's football federation threatened a boycott and other regional confederations issued stinging rebukes of the plan.Switzerland-based FIFA said "incorrect media reports" had disrupted its planned consultation process but it would press on."We will proceed with this consultation process to ensure that each MA (Member Association) has the ability to express its vote based on facts," it said in a statement issued in the middle of the European night.FIFA is pushing to create a $20 billion subsidiary, FIFA Forward Enterprise (FFE), to run the World Cup and its other events, with a stake of up to 20 per cent to be offered to external i
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