The collapse of the $20 billion FIFA Forward Enterprise stake sale has exposed deep governance rifts within FIFA, forcing president Gianni Infantino to abandon the proposal before a formal vote. UEFA and multiple confederations opposed the plan, which would have sold a 20% minority stake to private investors to raise roughly $4 billion, leaving backers JPMorgan and Thrive Eternal holding a dead term sheet. The failed venture raises questions about FIFA’s commercial future as Infantino faces a potential re-election bid. The aborted deal also buries a tokenized equity experiment backed by Socios.com, which had offered to structure the equity tranche as tokenized shares on the Chiliz blockchain.
Source: Read the original article
