Infantino stirs controversy with investment plan.
International media reports have indicated that Gianni Infantino, the president of the International Football Federation (FIFA), is working on a radical reform of the commercial rights related to the aforementioned federation's competitions, amid news of the potential entry of private investors close to U.S. President Donald Trump.
According to the "Foot Mercato" website, the project raises significant concerns within the world of football, noting that the new shareholders may push FIFA to organize the World Cup more frequently or to continue expanding the tournament after increasing the number of participating teams to 48; in pursuit of greater returns on their investments.
The French website added that other parties fear that future host countries will be chosen primarily based on their commercial potential, rather than the quality of their bids, pointing out that some officials consider this reform "much worse than the European Super League project," describing it as a "nuclear bomb" threatening global football.
The same website relied on information from The Times and The Telegraph, which reported that the FIFA president is working on establishing a new company to manage the commercial rights for the men's and women's World Cups, as well as the Club World Cup, while indicating that FIFA will retain a majority stake in this company; meanwhile, between 20 and 30 percent of its capital will be offered to private investors, in a deal estimated to be worth around 17.3 billion euros.
The same source noted that this step could represent one of the largest financial deals in the history of sports, pointing out that the 211 national federations that are members of FIFA will receive a stake in the new company, valued at about 17 million euros each, indicating that these federations will be able to retain their shares or sell them to obtain additional financial resources.
It further added that the distribution of these shares could also facilitate the passage of the project during the FIFA conference vote, noting that some information suggests that preliminary agreements may have already been signed.
The aforementioned website also mentioned that among the potential investors is the name of JP Morgan, along with Joshua Kushner, the brother of Jared Kushner, the son-in-law of U.S. President Donald Trump.
It continued, based on various sources, that individuals close to the U.S. administration have been consulted regarding this matter, relying on The Times, which revealed that some investors are internally discussing the idea of buying FIFA, noting that the deal would actually include only the new company owning the commercial rights to the competitions.
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