Lead

FIFA has said it will press ahead with consultations on a plan to bring private investment into the World Cup and its other tournaments, after Europe’s football federation threatened a boycott and other regional confederations issued stinging rebukes of the plan. The Switzerland-based body said on Friday that "incorrect media reports" had disrupted its planned consultation process, but it would proceed.

Coverage Comparison

The plan, as described by Al Jazeera and RFI, involves creating a subsidiary, called FIFA Forward Enterprise (FFE), to run the World Cup and other events. FIFA wants to offer a stake of up to 20% to external investors. The value of the subsidiary has been reported differently: Al Jazeera puts it at $20bn, while RFI reports it as €17 billion.

UEFA has led the criticism of the proposal, accusing FIFA of putting the sport's "soul" up for sale. On Thursday, UEFA's 55 member nations voted unanimously to boycott all FIFA tournaments, including the World Cup, if FIFA continues to promote its plans. The vote came less than two weeks after Spain were crowned World Cup champions, as noted by Al Jazeera.

FIFA responded with a statement saying: "Nobody is selling football. This is not something FIFA would ever entertain." The statement also said: "Everyone has the right to express their opposition and to seek further clarification but no single entity can claim to represent all 211 MAs around the world. Each MA should be allowed to review the proposal and have a say in shaping their own future. These are the democratic principles of FIFA."

Other regional confederations have also pushed back. CONCACAF, the regional federation for North America, Central America and the Caribbean, rejected the proposal during a meeting on Thursday, but the 41-member body did not follow UEFA with a boycott threat. The Asian Football Confederation warned the proposal would never succeed without the support of all six regional blocs, according to Al Jazeera.

Key Claims

  • FIFA plans to create a subsidiary, FIFA Forward Enterprise (FFE), to run the World Cup and its other events, with a stake of up to 20% to be offered to external investors. This claim is reported by both Al Jazeera and RFI.
  • UEFA has accused FIFA of putting the sport's "soul" up for sale, as reported by both outlets.
  • UEFA's 55 member nations voted unanimously to boycott all FIFA tournaments if FIFA continues to promote its plans, as reported by both outlets.
  • CONCACAF rejected the proposal but did not follow UEFA with a boycott threat, according to Al Jazeera and RFI.
  • The Asian Football Confederation warned the proposal would never succeed without the support of all six regional blocs, a claim carried by Al Jazeera.
  • FIFA President Gianni Infantino said member associations would receive $40m each if they agreed to FIFA's proposal by September 19, according to Al Jazeera. RFI reports the same figure as €34 million each, with a deadline of 19 September.
  • Investment group Thrive Eternal, a fund run by Thrive Capital – founded by Joshua Kushner, the brother of Jared Kushner, son-in-law of United States President Donald Trump – is expected to lead the proposed investor group, as reported by both outlets. Al Jazeera described the stake as worth over $4 billion.