Is the World Cup for sale? Here鈥檚 what Fifa鈥檚 plans mean and what happens next | Paul MacInnes
馃摪 source: theguardian_business 路 馃捈 business
fifa announced a new entity called fifa forward enterprise to consolidate all commercial rights for its tournaments and invite minority, non-controlling investments. the proposed lead investor is joshua kushner, brother of jared kushner. fifa says investors won't take dividends but could sell stakes later. it promised an optional $20m extra funding per nation and $10bn in total funding. the plan caught fifa council members off guard, and uefa warned of crossing a rubicon. many nations depend on fifa funding, so approval is likely.
why it matters: fifa's plan to sell minority stakes in world cup rights could reshape global football financing, with ties to the trump family.
source: theguardian_business
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