FIFA Plans $20 Billion Subsidiary to Run World Cup, Raise $4.2 Billion
FIFA announced plans to create a subsidiary valued at $20 billion to operate the World Cup and other events, aiming to raise $4.2 billion and distribute $20 million to each of its 211 member associations. The proposal, which requires approval from member associations and the FIFA Council, is part of a structural modernization effort that has been under consideration since 2000. UEFA strongly criticized the plan, saying football's governance should not be an investment target.
FIFA announced on Tuesday that it plans to establish a subsidiary valued at about $20 billion to handle the operation and commercial activities of the World Cup and other events. The plan, which requires majority support from member associations and approval from the FIFA Council, aims to attract external investment and distribute returns to global football. FIFA said the move is part of a structural evolution that has been discussed since 2000.
FIFA President Gianni Infantino said that the next phase of the organization's development requires a matching structure.
UEFA issued a statement strongly criticizing the plan, saying that the soul of football and organizational governance should not become investment targets, especially when the ownership of economic benefits is not transparent.
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