UEFA statement on FIFA plan to sell stakes in subsidiary to run World Cup

July 30 : Following is UEFA's statement on Thursday regarding FIFA's plan to sell stakes to external investors in a subsidiary to run World Cup and other FIFA competitions."UEFA and its 55 member associations stand as one. We unanimously and unequivocally reject FIFA’s proposal to transfer ownership interests in the Wo

Football's world governing body announces plans to sell stakes of up to 20 percent in the World Cup and other events.

FIFA has announced plans to form a commercial subsidiary and to sell a non-controlling interest to private investors. It needs approval from member associations, but is claiming that it will benefit them financially.

Fifa is working with bankers at JPMorgan to raise billions ⁠of dollars by bringing ​in ⁠external investors to take as much as a 20 per cent stake in the entity

UEFA have hit out at FIFA's plans to sell stakes linked to the World Cup to private investors.