FIFA President Defends World Cup Stake Sale Proposal

FIFA President Defends World Cup Stake Sale Proposal

FIFA President Gianni Infantino has defended the governing body's proposal to sell minority stakes in a new commercial entity that would oversee the FIFA World Cup and its other competitions. The proposal, which was announced earlier this week, would see a $20 billion subsidiary established to manage the World Cup and other FIFA competitions. Infantino described the proposal as 'an opportunity, not an obligation' and emphasized that it was a way to increase revenue and improve the financial sustainability of FIFA. The proposal has sparked a furious backlash from several football authorities, including UEFA, who have expressed concerns about the potential impact on the sport. Infantino insisted that the proposal was not an obligation and that FIFA would continue to work with its member associations to ensure that the World Cup remains a success.