Source: New York Post
After UEFA threatened Thursday to boycott the World Cup over FIFA’s private equity proposal, FIFA appears ready to stand and fight. In a statement released late Thursday night — and early Friday morning in Europe — FIFA blamed the blowback over its plan to allow private investment into the World Cup on “erroneous reporting in the media” that disrupted its “planned consultation process” for member associations. See Also UEFA nations vote to boycott World Cup over FIFA boss’s $20B cash grab — throwing global soccer into chaos FIFA claims it would own and control FIFA Forward Enterprise, the company that would be spun off to private equity, and that each of its member associations would receive $20 million of development funding over the next four years should the proposal pass.
