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World Cup Boycott Proposed as Opposition to Controversial FIFA Private Investment Plan Grows
Opposition is mounting within world football to a FIFA plan to spin off its major events, chiefly the World Cup, into a separate commercial entity called FIFA Forward Enterprise, worth an estimated $20 billion, with roughly 20% of it to be sold to outside investors. Critics, including the North American, Central American and Caribbean confederation…
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Uefa has to show backbone: concrete action can make Fifa’s World Cup plans untenable | Nick Ames
Fifa’s plan to sell stakes in the World Cup to private investors has provoked a sharp backlash from Uefa and national football associations, intensifying tensions with president Gianni Infantino just weeks after the tournament concluded. The proposal, announced only nine days after the final, could give private investors influence over how and when Fifa’s tournaments…
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Sheffield Home of Football calls for discussion over alternative World Cup amid FIFA controversy
Sheffield Home of Football has called for discussion about the possibility of an alternative World Cup in response to FIFA’s proposed sale of minority stakes in a new commercial company overseeing major tournaments. The intervention reflects wider concern that private investment could alter the governance and long-term direction of football’s biggest competition. FIFA plans to…
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Chicken wing prices are down — here’s why your favorite restaurant may not cut prices
Chicken wing prices have fallen after years of steep increases, giving fans of the American favourite something to celebrate on National Chicken Wing Day. However, industry figures caution that these lower wholesale costs may not automatically translate into cheaper prices for consumers dining out. Wholesale whole wing prices are down compared with a year ago,…
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FA ‘deeply concerned’ by Fifa plan as Uefa to meet
The Football Association has said it is “deeply concerned” about Fifa’s plan to sell stakes in its major competitions, including the World Cup, to private investors. Uefa’s 55 member nations are set to hold an emergency virtual meeting later this week amid growing anger across the sport, with fears that outside investors could gain too…
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Football transfer rumours: Eli Junior Kroupi to boost Barcelona attack?
Barcelona are searching for a new striker after Robert Lewandowski’s departure, with 20-year-old Bournemouth forward Eli Junior Kroupi emerging as a “Plan B” option behind primary target Julián Alvarez. Alvarez, who wants to leave Atlético Madrid, is also coveted by Real Madrid, whose £129m bid was rejected in June, while Atlético have so far refused…
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FIFA Under Fire Over Plan To Sell World Cup Stake To Joshua Kushner Investment Firm
FIFA is facing a backlash from football authorities and politicians over plans to sell stakes in the World Cup to private investors, with UEFA taking the unusual step of publicly condemning the scheme. The plan involves creating a new entity, FIFA Forward Enterprise (FFE), to hold the commercial rights to the men’s and women’s tournaments,…
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FIFA Faces Revolt Over $20B World Cup Unit Sale Plan
FIFA and its president, Gianni Infantino, are facing strong criticism over proposals to sell a stake in the organisation’s commercial operations to private equity investors. The plan involves creating a new entity, FIFA Forward Enterprise, which would bundle World Cup revenue streams such as broadcast rights, sponsorship, ticket sales and licensing fees, before selling a…
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Concacaf joins criticism of Fifa plan to sell off World Cup stakes to private investors
Concacaf has become the second major football confederation, after Uefa, to publicly criticise Fifa’s plan to sell stakes in a new commercial entity linked to the World Cup to private investors. In a strongly worded statement, the confederation said it had learned of the proposal only through media reports, expressing “deep concerns” about Fifa’s governance…
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UEFA reportedly threatens World Cup boycott over FIFA stake sale plan
UEFA has reportedly threatened to boycott the World Cup over FIFA’s proposal to sell external stakes in the tournament, in a dispute that culminated in FIFA giving national football associations just 53 days to accept a £30 million offer tied to the plan. Critics, including Daily Mail columnists Jeff Powell and Jonathan McEvoy, accused FIFA…