European football’s governing body Uefa has gone berserk on plans by Fifa to invite private investments into its events, including the World Cup, Yankee Scores reports.
Fifa, which is the governing body of football worldwide, has stated that it wishes to increase the money allocated for football development to over $10bn (£7.5bn). The body says that this is in order to develop the sport, provided it gets the approval of its member associations.
This news broke first in the Financial Times and the Times, which claims that these plans can potentially earn millions for Fifa president Gianni Infantino, per BBC Sport.
“This crosses a line that football’s governing institutions should never cross,” Uefa said in a statement in response to those reports.
“None of us are the owners of football. [The World Cup] is not Fifa’s to sell.”
