…while the AFC governs the sport in Asia. Infantino apologised for his proposal to create FIFA Forward Enterprise (FFE), a company to run the commercial and operational aspects of FIFA's tournaments, with an idea to sell off around 20% to private investors. But the letter has urged FIFA to hold an independent review int…
…organisation’s governance, communication processes and the fallout from the withdrawn FIFA Forward Enterprise proposal. The meeting, held on Wednesday, was attended by Infantino, FIFA Secretary General Mattias Grafström and members of the FIFA Management Board. Here are five key takeaways from the meeting: 1. FIFA Mana…
…scrapped plan, which called for the creation of a new commercial subsidiary, called the FIFA Forward Enterprise, to run events such as the World Cup. AFP
…legal action, arbitration, and/or regulatory complaints" regarding the now-abandoned "FIFA Forward Enterprise" (FFE) proposal.Under the proposed FFE initiative, FIFA sought to create a commercial subsidiary valued at $20 billion and sell a 20 percent stake to private investors to raise up to $4.2 billion. The project-b…
…breaks cover with details of the plan saying: “It would retain a majority share in FIFA Forward Enterprise (FFE)” but hoped to raise $4.2 billion later this year by “carefully selecting long-term investors who will purchase minority, non-controlling interests”. British Prime Minister Andy Burnham, who campaigned tirele…
…FIFA and CAF regulations. “CAF also encourages its Member Associations to examine the FIFA Forward Enterprise proposal and participate in the consultation process in accordance with CAF and FIFA’s regulations and established procedures,” the statement partly reads. “CAF is committed to continue consulting and working t…
…in world sport, and it was never anyone’s to sell,” he added. FIFA said its subsidiary, FIFA Forward Enterprise (FFE), would select “long-term investors who will purchase minority, non-controlling interests in FFE”. It said FIFA would retain sole control of FFE and exclusive authority over football governance, competit…