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UEFA Threatens World Cup Boycott Over FIFA's Private Investment Plan
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Sports

UEFA Threatens World Cup Boycott Over FIFA's Private Investment Plan

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News From a news agency Context piece
  • UEFA and its 55 member nations are threatening to boycott the World Cup if FIFA approves a plan for private investment in the tournament.
  • UEFA stated that the World Cup is a "greatest sporting heritage" and should not be treated as an investment product or sold to private investors.
  • FIFA's proposal involves establishing a new subsidiary, FIFA Forward Enterprises (FFE), to attract external investment, requiring approval from 106 of FIFA's 211 member nations.

UEFA and its 55 member nations have declared their intention to boycott the World Cup if FIFA proceeds with a plan to allow private investment in the tournament. The European football governing body views the World Cup as a vital sporting heritage, not a commercial product to be sold off.

In an emergency meeting, UEFA members collectively rejected FIFA President Gianni Infantino's proposal. They issued a statement asserting, "The World Cup cannot be treated as an investment product." UEFA emphasized that the tournament's legacy, built over generations by players, national teams, and fans across all continents, should remain protected and not be handed over to private investors.

The potential boycott would encompass all FIFA-sanctioned events, including men's, women's, and club World Cups, should Infantino's plan gain the necessary support. FIFA is seeking to establish a new subsidiary, FIFA Forward Enterprises (FFE), to facilitate this private investment. The proposal requires the approval of at least 106 out of FIFA's 211 member nations. Reports suggest Infantino offered member nations $40 million to support his plan, though he described it as a "non-binding proposal."

The World Cup is one of the greatest sporting heritages football has. This heritage has been built by players, national teams and fans from all continents over generations. None of it can be handed over to private investors. The World Cup is not for sale.

โ€” UEFAUEFA's statement explaining their opposition to FIFA's private investment plan.
DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.