NewzFIFA President Gianni Infantino announced a plan on Tuesday to create a $20 billion commercial operation to run the World Cup, involving private investors such as the Kushner family. The initiative involves raising $4.2 billion through stake sales in a new subsidiary, with reports indicating Infantino could potentially lead the new body.
The plan immediately drew intense backlash and an outcry from Europe's governing soccer body, UEFA. In a statement condemning the proposal, UEFA asserted that the sport's top tournament does not belong to FIFA to sell.
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