Yahoo Sports· 2h ago· 1 min read
The Union of European Football Associations, or UEFA, is pulling out of future World Cups over FIFA’s plan to sell shares to the highest bidder, including members of President Donald Trump’s inner circle.
UEFA announced Thursday that the organization of 55 national associations “will not participate in FIFA competitions” going forward. The decision comes shortly after FIFA President Gianni Infantino threatened to cut funding from teams that don’t get behind his moneymaking scheme .
“We unanimously and unequivocally reject FIFA’s proposal to transfer ownership interests in the World Cup and other FIFA competitions to private investors,” the statement said.
Last week, FIFA announced the creation of the FIFA Forward Enterprise, or FFE, which is expected to raise up to $4.2 million in the next year by “carefully selecting long-term investors who will purchase minority, non-controlling…
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