01Living brief
v8FIFA begins consultation on proposed investor-backed commercial subsidiary
- 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.