European soccer body UEFA is holding an emergency meeting Thursday to address Gianni Infantino’s proposal to sell stakes in FIFA's commercial operations, including rights related to the World Cup. The move has sparked opposition within the sport's governing bodies.
The European soccer body, UEFA, has called for an emergency meeting on Thursday to discuss a response to FIFA President Gianni Infantino’s plan to sell off stakes in FIFA’s commercial operations. These operations include the rights to the prestigious World Cup tournament.
According to reports, the proposal involves selling portions of FIFA's commercial interests, potentially altering how revenue from events like the World Cup is distributed and managed. The specifics of the proposed sale were not detailed in the source material, but it has prompted significant concern within UEFA, leading to the urgent convening of a meeting to formulate a response.
The impetus for this emergency session stems directly from Infantino’s initiative, which appears aimed at restructuring FIFA's financial model through partial privatization of its commercial ventures. The details and potential ramifications of the plan are currently under scrutiny by key stakeholders like UEFA.
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