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FIFA Faces Revolt Over $20B World Cup Sell Off Plan
World soccer governing body FIFA and its controversial president Gianni Infantino are under fire over plans to sell off a stake in FIFA’s commercial operations to private equity investors.
Summary
World soccer governing body FIFA and its controversial president Gianni Infantino are under fire over plans to sell off a stake in FIFA’s commercial operations to private equity investors. The plan would see FIFA set up a new entity, called FIFA Forward Enterprise (FFE), that would bundle all the money-making operations associated with the soccer World Cup — including broadcast rights, sponsorship, ticket sales and licensing fees — and sell a significant stake in the new operation to private investors.
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