Fifa is aiming to finalise private funding for its contentious World Cup company by the end of October, according to information obtained by the Press Association. The proposal to sell stakes in a private entity, which would manage all commercial and operational aspects of Fifa's competitions, has provoked a strong backlash from Uefa and raised significant concerns among European clubs and major leagues globally.
Fifa aims to finalise World Cup funding by October
UKPulse Sport DeskFifa is seeking private funding for its contentious World Cup company, with investors expected to submit initial bids by October.
- Fifa is aiming to finalise private funding for its World Cup company by the end of October.
- A consortium of private investors, led by Thrive Eternal, is set to own approximately 20% of the new company, FFE.
- National associations have been given until 19 September to indicate their support for the FFE proposal.
Why this matters: The plan could unlock up to $20 million (£15m) each in development funding from 1 January, but critics argue it may lead to the expansion of competitions, disrupting existing domestic and international football calendars.
What this means for you: This could affect the future of football competitions and the distribution of funding to national associations.