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FIFA To Sell Minority Stake In World Cup, Other Tournaments, Targets $4.2bn
['Metro News Ng']
METRO DAILY Ng
FIFA has said it plans to sell a stake in the business operations of the World Cup and its other competitions through the creation of a semi-private subsidiary.
‘Expanding To 64 Teams’In June, ahead of the World Cup, FIFA, which folds competition income into revenue for the whole year, anticipated record revenues exceeding seven billion euros ($8bn) for 2026.
In 2019, a FIFA stakeholders’ committee rejected an Infantino-backed plan for a $25bn private investment in an expanded Club World Cup.
The Times speculated that the creation of FFE could have an impact on the World Cup and the Club World Cup.
Estimates for its losses when ISL, which negotiated World Cup rights deals, went bust in 2001 were anywhere between $30mn and $115mn.