Vanguard· 55m ago· 1 min read
FIFA has told member associations they will each receive $40 million if they back a plan to sell stakes in major competitions — but they must sign up by September 19.
The sport's global governing body on Tuesday announced proposals to set up a commercial subsidiary to run events, including the World Cup, sparking a furious backlash.
European football's governing body UEFA said the World Cup was not an “asset to trade” while the Asian Football Confederation said it had not been consulted.
EU sports chief Glenn Micallef told FIFA on Wednesday: “Hands off our game.”
According to The Times on Wednesday, FIFA president Gianni Infantino told members that a funding package totalling $10 billion would become available if they signed up.
Infantino said in a letter seen by the British newspaper that the decision was up to individual associations.
“Should you wish to proceed, this $10…
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