UEFA nations vote to boycott World Cup over stake sale plan
On Wednesday, former FIFA President Sepp Blatter slammed the world football governing body’s plans to create a $20 billion subsidiary to run the World Cup, saying the tournament was not a commercial asset that belonged to a few executives.
UEFA’s member associations have unanimously voted to boycott the World Cup and other FIFA competitions in protest at FIFA’s plan to sell stakes to external investors in a subsidiary that will run the global governing body’s tournaments.
FIFA said on Tuesday it plans to create the subsidiary to run the World Cup and its other events and will offer stakes of up to 20% in it to external investors.
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