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FIFA release statement as Gianni Infantino revelation rocks football
['John Jones']
WalesOnline - Home
FIFA release statement as Gianni Infantino revelation rocks footballBombshell plans have sparked fury across the football world with Infantino at the centre of itView 2 Images Infantino is reportedly planning to sell stakes in the men's World Cup (Image: Chris Brunskill/Fantasista/Getty Images)FIFA president Gianni Infantino has sparked fury after it emerged that he is planning to sell stakes in the men's World Cup to private investors.
It confirmed that it will invite third parties to make 'minority, non-controlling investments' into the so-called FIFA Forward Enterprise (FFE), which would consolidate all commercial and event operations.
The press release issued by the governing body on Tuesday read: "FIFA intends to expand football development funding to over USD 10 billion subject to approval by FIFA Member Associations.
(Image: Hector Vivas - FIFA, FIFA via Getty Images)A statement from Infantino himself read: “Football is the world’s most popular sport and an extraordinary engine of human and social development.
"The soul and governance of football are not assets to trade - especially with zero transparency as to who gains financially.