Illustration generated by AI. Not a photograph of this event.
FIFA has proposed selling minority stakes connected to the World Cup and its commercial rights, according to reports by NPR and Al Jazeera.
FIFA has proposed selling minority stakes connected to the World Cup and its commercial rights, according to reports by NPR and Al Jazeera.
Al Jazeera reported on July 29 that football’s world governing body had announced plans to sell stakes of up to 20 percent in the World Cup and other events. The percentage and the inclusion of other events were reported by Al Jazeera alone.
Al Jazeera also reported that the proposal had angered UEFA. The source material provided no further details about UEFA’s response, and that account was not corroborated by NPR.
NPR reported on July 28 that FIFA had a complex plan to sell portions of its World Cup commercial rights to minority investors.
According to NPR, potential investors include a firm run by Joshua Kushner, the brother of Jared Kushner. That potential investor was reported by NPR alone.
The two reports agree on the central element of the proposal: FIFA plans to sell minority stakes tied to the World Cup and its commercial rights. They differ in the additional details they provide.
The reports do not provide a corroborated timetable or valuation for the proposal. There is also no confirmation in the available material that any stake has been sold.
The matter remains developing, and further details of FIFA’s proposal have not been corroborated across the two reports.
Sources
- NPR News — FIFA has a new plan to raise billions of dollars: Selling stakes in the World Cup
- Al Jazeera — FIFA proposes plan to sell stakes in the World Cup, angering UEFA