European football’s governing body, UEFA, has voted to boycott the world football regulator's events – including the World Cup – if the proposed sale of the event to private investors goes ahead.
The unanimous vote by UEFA member federations agreed on Thursday to boycott all competitions in protest against Gianni Infantino’s plan to sell stakes in the World Cup.
“UEFA and its national associations will not participate in FIFA competitions,” the European football body said after an urgent online meeting of its 55 members.
The strategy meeting was called to counter regulator's President Infantino’s offer of $20 million to each of its 211 global members, which has to be accepted by mid-September.
Infantino’s secret proposal was revealed on Tuesday to spin off its commercial operations in a $20bn operation, with 20 percent owned by private investors.
The core investor would be a New York venture capital investment firm created by Joshua Kushner.
“No UEFA national teams will participate in any FIFA competition for so long as these proposals remain alive, unless this proposal has been abandoned in its entirety and binding assurances have been given that FIFA will never again open its governance or competitions to private ownership,” UEFA said in a statement.
“The World Cup cannot be treated as an investment product. It is one of football’s greatest sporting legacies. It has been built over generations by players, national teams and supporters across every continent.
“No part of it should ever be surrendered to private investors. The World Cup is not for sale.”
The next competition is in Europe, the Women’s Under-20 World Cup hosted by Poland from September 5.
-Reuters
The unanimous vote by UEFA member federations agreed on Thursday to boycott all competitions in protest against Gianni Infantino’s plan to sell stakes in the World Cup.
“UEFA and its national associations will not participate in FIFA competitions,” the European football body said after an urgent online meeting of its 55 members.
The strategy meeting was called to counter regulator's President Infantino’s offer of $20 million to each of its 211 global members, which has to be accepted by mid-September.
Infantino’s secret proposal was revealed on Tuesday to spin off its commercial operations in a $20bn operation, with 20 percent owned by private investors.
The core investor would be a New York venture capital investment firm created by Joshua Kushner.
“No UEFA national teams will participate in any FIFA competition for so long as these proposals remain alive, unless this proposal has been abandoned in its entirety and binding assurances have been given that FIFA will never again open its governance or competitions to private ownership,” UEFA said in a statement.
“The World Cup cannot be treated as an investment product. It is one of football’s greatest sporting legacies. It has been built over generations by players, national teams and supporters across every continent.
“No part of it should ever be surrendered to private investors. The World Cup is not for sale.”
The next competition is in Europe, the Women’s Under-20 World Cup hosted by Poland from September 5.
-Reuters
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