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UEFA opposes FIFA’s $20bn commercial spin-off plan
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BizWatchNigeria.Ng
Key pointsUEFA has rejected FIFA’s proposal to sell minority stakes in a new commercial subsidiary.
UEFA says football’s governance and identity should not be commercialised.
Main storyThe Union of European Football Associations (UEFA) has opposed FIFA’s proposal to sell minority stakes in a new commercial subsidiary, arguing that football’s governance should not be treated as a commercial asset.
The disagreement adds to a series of disputes between the two organisations over football governance, disciplinary matters and competition management.
Bottom lineFIFA sees private investment as a way to expand football development worldwide, while UEFA argues that the sport’s governance and independence must not become commercial assets.