Channel NewsAsia
Channel NewsAsia
AsiaPac · 16 mins ago

Norwegian football chief warns of 'very serious' crisis over FIFA World Cup stake plan

OSLO, July 31 : FIFA's proposal to sell a stake in the World Cup has provoked a "very serious situation" for the game, Norwegian Football Federation president Lise Klaveness said on Friday.“This is a very serious situation for Norwegian and international football. It is very dramatic,” Klaveness told reporters after UEFA member associations raised objections in a meeting.UEFA and its 55 member nations voted on Thursday to boycott all FIFA tournaments in protest at the global governing body's plan to create a $20-billion subsidiary, FIFA Forward Enterprise, to run the World Cup and its other events, with a stake of up to 20 per cent to be offered to external investors.Klaveness praised the strong pushback against the proposals, which critics have labelled anti-democratic and driven by exter
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