Infantino insists FIFAâs World Cup plan is proposal and not âobligationâ
Football governing bodies hit out at plans to sell World Cup stakes; FIFA insist proposal is not an âobligationâ. FIFA President Gianni â Infantino has called
Football governing bodies hit out at plans to sell World Cup stakes; FIFA insist proposal is not an âobligationâ. FIFA President Gianni â Infantino has called â the plan to sell stakes in the World Cup a proposal but ânot an obligationâ, after the idea â provoked a furious response from a number of football authorities. FIFA announced plans this week to create a $20bn subsidiary to run â the World Cup and its other events, and said it will offer stakes of up to 20% in it to external investors.
The proposal drew strong criticism from the sportâs regional confederations, which said they were blindsided by the plan by world footballâs governing body to bring private investors into the sport. But Infantino said strengthening the commercial side of the game is the natural next step in this evolution. âItâs part of a democratic process â a consultation process â and, above â all, it is an opportunity but not â an obligation, and, as I said, it kicks off the consultation process,â Infantino said in a video provided by FIFA on Wednesday.
FIFA is one â of the worldâs wealthiest sporting organisations, generating billions of dollars in revenue, largely from â broadcasting rights, sponsorship and other commercial deals â linked to the World Cup. Infantino insisted in his remarks that fans will
remain the cornerstone of football and said, âFIFA obviously continues to govern football without any external interference. âAnd the flagship tournament it organises, like the FIFA World Cup or the FIFA Womenâs World Cup, will always remain.â
