UEFA has reacted strongly to a report indicating that FIFA President Gianni Infantino is considering selling stakes in the World Cup to private investors, a move that could potentially generate tens of millions of pounds for him.
On Tuesday, FIFA announced in a press release its intention to increase funding for football development to over $10 billion, pending approval from FIFA Member Associations.
The football governing body asserted that this development, if sanctioned, would result in enhanced funding for football development accessible to all 211 FIFA Member Associations (MAs).
Meanwhile, a report from The Times suggested that Infantino is contemplating the sale of stakes in the World Cup, which could lead to the establishment of a company to oversee FIFA.
The report also mentioned that individuals associated with the Donald Trump administration have been consulted regarding this initiative.
In response to The Times article, UEFA stated, “This crosses a line
