FIFA to proceed with consultation process over stake sale plans

FIFA said on Friday it would move forward with its consultation process to bring private investment ​into the World Cup and its other tournaments in ‌defiance of a fierce UEFA-led backlash against the proposal.

The world soccer governing body on Tuesday announced it planned to create a $20 billion subsidiary to run ​the World Cup and its other events, offering external ​investors stakes of up to 20%.​We will proceed with this consultation process to ensure ​that each MA (Member Association) has the ability to express its vote based on facts,” ‌FIFA ⁠said in a statement.