FIFA president Gianni Infantino has offered member associations, including the Nigeria Football Federation, a financial incentive of up to $40m each to support his controversial proposal to sell a stake in the commercial rights to the World Cup and other FIFA competitions.
The 211 member associations have until September 19 to approve or reject the proposal, which has already drawn criticism from several football governing bodies, particularly in Europe.
Infantino has written to all 211 FIFA member associations urging them to back the creation of a new commercial structure for FIFA competitions. The Times first reported details of the letter outlining the proposal.
Under the plan, FIFA would establish a new commercial subsidiary valued at $20bn, with private investors owning a 20 per cent stake. The company would manage the commercial rights to competitions including the FIFA World Cup and the FIFA Club World Cup.
If the proposal is approved,
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