FIFA defiant over World Cup investment plan, despite UEFA’s vote to boycott
GCC News
European football’s governing body has voted to boycott FIFA if World Cup plans pursued, but global body undeterred.
FIFA has said it will 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.
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“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 on Friday in a statement issued in the middle of the European night.
FIFA is pushing to create a $20bn subsidiary, FIFA Forward Enterprise (FFE), to run the World Cup and its other events, with a stake of up to 20% to be offered to external investors.
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