FIFA’s $20 billion World Cup sell-off sparks internal revolt as COO turns on president

Share

FIFA’s Chief Operating Officer Kevin Lamour publicly accused President Gianni Infantino of deceiving staff over a proposal to sell a large minority stake in the organization’s most valuable assets, including the World Cup itself. The plan aims to generate approximately $20 billion by creating a new company to oversee FIFA’s marquee events, with the funds intended to triple development funding distributed to FIFA’s 211 member associations. UEFA and Concacaf have both opposed the proposal, with reports suggesting European nations could boycott the World Cup. The internal revolt comes at a critical time when FIFA needs buy-in from member associations to advance a deal of this magnitude.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles