UEFA threatens World Cup boycott over FIFA private equity investment plan
📰 source: cnbc_topnews · 💼 business
uefa said it will boycott fifa competitions, including the world cup, if fifa goes ahead with its plan to sell a 20% stake in a new entity called fifa forward enterprise. the move aims to raise up to $4.2 billion from private investors, with thrive eternal, a firm linked to joshua kushner, expected to lead the investment group. uefa called the proposal "irresponsible and indefensible" and demanded its abandonment.
concacaf also expressed concern over the lack of consultation. fifa president gianni infantino defended the plan, saying it's a choice for members and the game won't change. the dispute puts the future of global soccer governance at risk.
why it matters: uefa's boycott threat could derail fifa's private equity deal and spark a governance crisis in global soccer.
source: cnbc_topnews
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