Key points
- The proposed company would separate FIFA’s commercial and event operations while FIFA retained majority control; FIFA says it could generate more than $10 billion for development.
- UEFA has called an emergency meeting of its 55 associations, while Asian and North American confederations have also raised concerns.
- FIFA’s 211 member associations must decide by September 19 whether to support the proposal, which also requires FIFA Council approval.
- Approval may require a simple majority or, if statutes must change, support from 75% of represented associations; no formal vote date has been announced.
How the story developed
A living timeline
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Latest development
FIFA said Tuesday it plans to create a subsidiary for the World Cup and other events and offer outside investors stakes of up to 20 percent.
Latest development
UEFA issued a fresh condemnation after details emerged of a Sept. 19 deadline and financial incentive linked to FIFA’s proposed World Cup investment venture.
Latest development
CONCACAF and the AFC publicly criticized FIFA’s proposed investment structure on Wednesday, saying they had not been informed through official channels.
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Infantino said the investment plan is an opportunity rather than an obligation, while football authorities continued to criticize FIFA’s handling of the proposal.
Latest development
Reports said UEFA had arranged an emergency meeting involving its 55 member associations to consider a response to FIFA’s commercial proposal.
Latest development
FIFA launched its consultation on July 28 and gave member associations until September 19 to decide whether to support the proposed commercial subsidiary.
With information from: Al Jazeera, Euronews, France 24, The Japan Times, Deutsche Welle.
- Ex-FIFA chief Blatter blasts plan to sell stake in World Cup to investorsAlJAzeera
- UEFA slams FIFA over Infantino's deadline for World Cup stake saleEuronews
- FIFA private investor plans spark backlash, UEFA furyFrance 24
- Regional confederations criticize FIFA’s plan to sell World Cup stakesThe Japan Times
- Infantino insists FIFA’s World Cup plan is proposal and not ‘obligation’AlJAzeera
- UEFA set for emergency meeting on FIFA World Cup proposalDW Top Stories
- FIFA's plan to sell World Cup to private investors has not been well received - but can they pull it off?Euronews