‘Hands off our game,’ EU tells FIFA over private investor plans

FIFA 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.

FIFA, the global football governing body, announced a plan to set up a subsidiary to manage its business operations, hoping to raise $4.2 billion from investors, on Monday. The move sparked negative reactions from football and political figures.

The body is looking to capitalize on the lucrative men’s World Cup this year.

FIFA has a complex plan to sell chunks of its commercial rights to the World Cup to minority investors, including a firm run by Joshua Kushner, the brother of Jared Kushner.

FIFA aims to raise billions by selling stake to private investors  USA Today