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FIFA Establishes September 19 Deadline for Member Vote on World Cup Stake Sale

FIFA has issued a deadline for member associations to decide on a plan to sell stakes in major competitions, including the World Cup.

By Staff Correspondent
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FIFA issues deadline to members over plan to sell stakes in World Cup | Sports
BSS

FIFA has informed member associations that they will each receive $40 million if they support a plan to sell stakes in major competitions, including the World Cup. The deadline for signing up is September 19. The sport's global governing body announced proposals to set up a commercial subsidiary to run events, sparking backlash from UEFA and the Asian Football Confederation.

FAQs

- **What is FIFA proposing?** FIFA is proposing to set up a commercial subsidiary to manage events like the World Cup. This includes selling stakes in these competitions.

- **What is the deadline for member associations to decide?** Member associations must decide by September 19 whether they will support the plan.

- **What will member associations receive if they support the plan?** Each member association will receive $40 million if they back the proposal.

- **What is the opposition saying?** UEFA and the Asian Football Confederation have expressed strong opposition to the plan, with UEFA calling it a scheme to enrich FIFA and its associates.

Source: BSS

FAQ

What is FIFA proposing?
FIFA is proposing to set up a commercial subsidiary to manage events like the World Cup. This includes selling stakes in these competitions.
What is the deadline for member associations to decide?
Member associations must decide by September 19 whether they will support the plan.
What will member associations receive if they support the plan?
Each member association will receive $40 million if they back the proposal.
What is the opposition saying?
UEFA and the Asian Football Confederation have expressed strong opposition to the plan, with UEFA calling it a scheme to enrich FIFA and its associates.

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