Yahoo Sports· 1h ago· 1 min read
Gianni Infantino (L) with US President Donald Trump at the World Cup final (ANGELA WEISS) FIFA said Tuesday it plans to sell a stake in the business operations of the World Cup and its other competitions through the creation of a semi-private subsidiary.
World football's governing body said it would retain a majority share in FIFA Forward Enterprise (FFE) but hoped to raise $4.2 billion later this year by "carefully selecting long-term investors who will purchase minority, non-controlling interests".
FIFA's statement was a rapid response to a story in British newspaper The Times based on leaks of the plan from two sources.
The Times reported that FIFA president Gianni Infantino, 56, stood to profit from the scheme by becoming commissioner of the FFE after his expected next term expires in 2031.
The article also said discussion had started with potential investors.
It named Joshua…
Continue reading at Yahoo SportsDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
‘This crosses a line’: UEFA responds to FIFA President’s ‘scheme’ involving ‘corrupt Trump family’
5m ago
Read MoreDolphins quarterback Malik Willis prepares for first training camp as a starter
7m ago
Read More
Kyler Murray and J.J. McCarthy will split first-team reps as QB battle continues into Vikings camp
9m ago
Read More
Sri Lanka women end 24-year wait, beat Pakistan 2-1 to clinch historic ODI series
10m ago
Read More
Luke Kuechly joins Netflix NFL coverage as lead game analyst
10m ago
Read MoreChristian Gonzalez addresses Robert Kraft's public contract remarks
10m ago
Read MoreLatest in Sports
'They still have plenty to offer': 'Asian Bradman' Zaheer Abbas backs Virat Kohli, Rohit Sharma for 2027 World Cup
Yahoo Sports · 11m ago
What we’re hearing on Red Sox trade deadline plans after the Connelly Early-for-Curtis Mead deal
Yahoo Sports · 11m ago
Piers Morgan calls Saltburn CC's 'Clicky Ponting' 'biggest cheat in cricket history', brands alleged click-gate 'shameful scam'
Yahoo Sports · 12m ago
Jacksonville Jaguars make roster moves ahead of training camp
Yahoo Sports · 12m ago
Fantasy Football: Big-name players who could struggle through tough early-season schedules
Yahoo Sports · 12m ago
2026 Rocket Classic tee times, TV coverage, viewer's guide
Yahoo Sports · 13m ago
Dansville Gliders honor Frank Williams after winning NYCBL title
Yahoo Sports · 14m ago
🏆Memories of 2006? Germany wants to host a World Cup again
Yahoo Sports · 15m ago
Most Read Today
FIFA president under fire after letter to Argentina FA leaked
Vanguard · 2d ago
‘Pretty bad’: Lewis Hamilton hits out at Ferrari after dropping points in F1 title race
The Guardian Sport · 2d ago
Troops rescue two kidnap victims in Taraba
Peoples Gazette · 2d ago
LeBron James officially joins 76ers on two-year contract | Report
Yahoo Sports · 2d ago
NNPCL’s N7.1tn question: Why transparency must follow the money
Vanguard · 5d ago
House Democrat calls for congressional hearings on Trump administration’s nuclear deal with Saudi Arabia – as it happened
The Guardian World · 6d ago
Gary Stevenson to quit YouTube channel, citing health concerns
The Guardian Business · 2d ago
US stocks face tests from Fed decision, tech-led earnings deluge
Investing.com · 2d ago