UEFA vows World Cup boycott as Concacaf rejects FIFA private equity plan
UEFA has said no European nation will participate in any FIFA competition for so long as proposals to create a company to run the World Cup remain alive. FIFA is planning to sell a significant minority stake in a new commercial entity with a valuation of about €17.5 billion ($20 billion). The plan would see FIFA establish FIFA Forward Enterprise (FFE), a wholly-owned subsidiary consolidating the organisation’s commercial and event operations.
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