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Key points
- UEFA accused FIFA President Gianni Infantino of pressuring national associations to support a proposed World Cup investment venture.
- FIFA has proposed a $20 billion subsidiary for the World Cup and other tournaments, with external investors offered up to a 20% stake.
- Associations have reportedly been given until Sept. 19 to support the plan, with an early-participation incentive of $40 million.
- FIFA said investors would receive minority, non-controlling stakes after vetting, while net proceeds would be reinvested in football worldwide.
- The proposal requires approval from a majority of FIFA’s 211 member associations and from its 37-member council.
- The English Football Association said it had not been informed about the proposal and lacked substantive details.
How the story developed
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Latest development
FIFA said Tuesday it plans to create a subsidiary for the World Cup and other events and offer outside investors stakes of up to 20 percent.
Latest development
UEFA issued a fresh condemnation after details emerged of a Sept. 19 deadline and financial incentive linked to FIFA’s proposed World Cup investment venture.
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