FIFA proposes plan to sell stakes in the World Cup, angering UEFA

Core Impact Points

• FIFA plans to create a $20bn subsidiary to run the World Cup and other events, offering minority stakes to external investors.
• The proposal aims to raise up to $4.2bn, which will be reinvested in football to widen access and strengthen global participation.
• UEFA has strongly opposed the plan, arguing that it crosses a line that football's governing institutions should never cross.
• The proposal has also drawn criticism from the UK's new prime minister, Andy Burnham, who said the World Cup is not a product to be sold.
• FIFA President Gianni Infantino defended the plan, stating that it will help to support sustainable, inclusive development in every corner of the world.
• The plan still needs to be voted on by FIFA's 211 member nations, and its success is uncertain.