Channel NewsAsia
Channel NewsAsia
AsiaPac · 19 mins ago

Reaction to FIFA's private investment plan

July 29 : FIFA said on Tuesday that it plans to create a $20 billion subsidiary to run the World Cup and its other events and will offer stakes of up to 20 per cent in it to external investors.The following are quotes and reactions.UEFA STATEMENT“This crosses a line that football’s governing institutions should never cross. UEFA takes it extremely seriously. So should every National Football Association. "So should every stakeholder: leagues, clubs, players, supporters, governments and everyone who cares about the future of the game. The soul and governance of football are not assets to trade - especially with zero transparency as to who gains financially. None of us are the owners of football. It is not FIFA’s to sell."CONCACAF FEDERATION STATEMENT"Concacaf was only made aware of this mat
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