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Criticism: FIFA demands more transparency after retracting the sale of a share of the commercial rights to the World Cup

Babnet8 days ago15 views
Criticism: FIFA demands more transparency after retracting the sale of a share of the commercial rights to the World Cup

Summary

Calls have been renewed to enhance transparency within the International Federation of Association Football (FIFA), after it suddenly backed down from a plan to sell a share of the commercial rights to the World Cup, which had sparked a widespread wave of criticism within football circles. FIFA intended to raise about $4.2 billion by selling an approximately 20 percent stake in a new unit that would manage the tournament.

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