NewzFIFA has announced plans to sell a $4.2-billion stake in the business operations of the World Cup and its other competitions through the creation of a semi-private subsidiary called FIFA Forward Enterprise (FFE). Under the proposal, world football’s governing body would retain a majority share in the new entity.
The initiative has triggered a furious backlash, notably from former FIFA chief Sepp Blatter, who publicly blasted the strategy.
In response to the criticism, FIFA released a statement emphasizing that it would retain sole control of FFE. The organization stated it would maintain exclusive authority over football governance, competitions, the match calendar, and all regulatory and sporting decisions.
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