FIFA has abandoned plans to create a $20bn commercial entity and sell a 20% stake to private investors after facing widespread opposition from football governing bodies and member associations, according to a report by the Financial Times.
The proposal, which would have transferred FIFA’s commercial rights into a new company known as FIFA Forward Enterprise, aimed to raise up to $4.2bn from an investor consortium led by Thrive Eternal. The initiative was intended to unlock new capital and increa...
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