Reuters reports that FIFA plans to sell shares worth $20 billion to finance the World Cup and other tournaments, drawing sharp criticism from UEFA, which accused the organization of selling football's soul.
Reuters reports that FIFA will sell shares worth $20 billion to finance the World Cup and its other tournaments, a move that has drawn sharp condemnation from UEFA. The European football governing body accused FIFA of selling the soul of the sport, according to the report.
Earlier this month, The Zioneer reported on FIFA's push for another World Cup in the United States in the near future, as part of the organization's broader ambitions. The new share sale plan, if realized, would provide a significant funding source for those ambitions.
The report is based on a single Reuters dispatch; no further details on the share structure, timeline, or buyers have been disclosed.
Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
- Open-source intake