Uefa Accuses Fifa of Enriching Themselves at Football's Expense

Fifa president Gianni Infantino has written to all 211 member associations, offering $40m if they support his plan for FIFA to sell stakes in major soccer events. The offer comes days after shocking revelations that the plan could raise up to $10bn globally.

The deadline is set for September 19, with $20m available immediately starting January 1, 2024. However, this initiative has sparked intense backlash from football's governing bodies, particularly UEFA, which decried it as an attempt to use the sport to enrich individuals and organizations.

According to reporting by BBC Sport - World Cup

Fifa’s Plan: A $10bn Opportunity?

In a five-page letter, Infantino suggests that selling stakes in FIFA's events will create new opportunities for growth. The president argues these revenues could “turbocharge the development of the game globally,” yet critics see this as cronyism and self-enrichment.

Frequently Asked Questions

What is the main goal of FIFA’s plan?

The primary aim is to create a commercial subsidiary that can run major competitions, potentially raising up to $10bn, with external investors buying stakes in it.

How much money are member associations offered if they support the plan?

If countries back the proposal by the September 19 deadline, they will receive an initial payout of $20m, with a further $20m expected as the deal progresses.

Why is UEFA unhappy with FIFA’s proposal?

UEFA argues that these plans have been launched without due process and fears that they could dilute the game's integrity and diminish its global impact. Many argue it feels like an attempt to enrich themselves at football's expense.