UEFA Nations Threaten World Cup Boycott Over Privatisation
European football federations may withdraw from the 2030 tournament if FIFA proceeds with selling shares.
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UEFA's 55 member nations held a virtual meeting on Thursday to discuss proposals from FIFA president Gianni Infantino that would see shares in the World Cup sold to private investors. The European football governing body and its member nations are considering withdrawing from the 2030 World Cup if these plans are enacted.
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FIFA intends to invite third parties to make minority, non-controlling investments in a new commercial subsidiary. This move has generated significant controversy. Mr Infantino has set a deadline of September 19 for FIFA's 211 member nations to ratify the plans, which would offer a funding increase to approving countries.
The Football Association (FA) has not yet released an official statement on the matter. However, reports suggest that support for a boycott among FA representatives was close to unanimous. The FA has stated it is "deeply concerned" by Mr Infantino's proposal.
UEFA's potential withdrawal could significantly impact investor interest. According to reports from The Times, the absence of European teams would likely deter potential investors in both the men's and women's World Cups. This collective action by UEFA aims to prevent the proposed privatisation.
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