-
Boaduwaa strikes as Ghana beat WAFCON debutants Cape Verde
-
FIFA proposal 'an opportunity but not an obligation', says Infantino
-
US actor Jared Leto denies latest accusations of sexual assault
-
Campari - king of the spritz - hopes to conquer American heartland
-
Danube drops to 'historic lows' as fresh heatwave hits
-
Mancini wants Italy back to trophy-winning ways
-
US Federal Reserve holds rates steady as inflation hawks call for hike
-
Torrey Pines added to new PGA Tour top-level series from 2028
-
Eala beats defending champ Fernandez in Washington
-
Air France-KLM and Lufthansa bid for Portugal's TAP airline
-
US man accused of destroying evidence by wiping phone at airport
-
Korda seeks 'control' as she chases history at women's British Open
-
BTS pulls out of Grammys after Asian pop category introduction
-
Profits soar at Airbus as it delivers more planes
-
Judge orders Amy Winehouse's father to pay nearly £1mn to her friends
-
US-Saudi strikes in Iraq kill 20, including Iranians
-
Crisis-hit Cuba opens pharmacies, gas stations to private firms
-
Brazil court scrutinizes Jair Bolsonaro deepfake endorsing son
-
Pro-Kremlin TV commentator ordered to leave France, under house arrest
-
OpenAI says rogue AI agent attack hit other companies
-
'I started crying': Battle to tame fresh blaze near French seaside
-
Irish singer, musician Glen Hansard killed in motorbike crash at 56
-
Former top US Covid expert Fauci declines to answer hostile Senate questioning
-
Ukraine appeals against Russian return to Olympics
-
Neymar says his time playing for Brazil 'is over'
-
Rheinmetall shares surge after armsmaker reports record profit
-
F1 boss says season to finish in Europe if Gulf races cancelled
-
Israel army hit Gaza mosque, says used for Hamas 'weapons storage'
-
Spanish wildfire evacuees go home as France hit by new heat alert
-
Trump says US to hit Iran hard
-
French DJ Kavinsky, famed for 'Nightcall', found dead in Paris
-
UBS second-quarter net profit up 17% to $2.8 billion
-
How an AFP beach snap became emblem of Europe's wildfire summer
-
FIFA hit by furious backlash over plans to sell stake in competitions
-
More than half of England 'officially in drought': UK govt
-
TRX Spot and Perpetuals Listing Launches on Backpack, Expanding Access to the TRON Ecosystem
-
MEXC Integrates World-Check to Fortify Institutional Grade Compliance Architecture
-
Tel on target as Tottenham held to 1-1 draw by Sydney FC
-
Tech stocks plunge further but London market hits record high
-
UN chief to convene new talks on divided Cyprus
-
Spain's three worst wildfires since 1961 happened in last two years
-
'No home': Spanish pensioner returns to charred ruins after wildfire
-
FIFA proposal 'an outright attack on football', says DFB vice-president
-
Nepal's tiger numbers climb 20 percent to estimated 429: survey
-
Principal reaction to FIFA's private investor plan
-
Germany's Merz under fire over chaotic reshuffle
-
Ireland's Harrington named as vice-captain for 2027 Ryder Cup
-
US, Saudi strike Iraq alliance in expanding war
-
Spain returns wildfire evacuees as France braces for worsening weather
-
FIFA's plans to sell $4.2bn stake in its tournaments widely criticised
FIFA proposal 'an opportunity but not an obligation', says Infantino
FIFA president Gianni Infantino said Wednesday that the proposed launch of a private subsidiary to expoit the commercial benefits of the World Cup was "an opportunity but not an obligation".
A proposal to sell stakes in FIFA's major competitions sparked disbelief and outrage globally since it was revealed Tuesday, but Infantino defended the idea, saying too little of football's commercial value reached the parts of the game that need it most.
"FIFA Forward Enterprise, or FFE, is actually a proposal, an offer. It's part of a democratic process – a consultation process – and, above all, it is an opportunity but not an obligation," Infantino said in a video released Wednesday evening.
"It is a golden opportunity to turbocharge the development of the game globally. But again, it is just an offer, not an obligation."
Infantino insisted the proposal was centred on unlocking "previously uncaptured commercial value" and was conditional on a democratic vote of FIFA's 211 member associations and approval by the FIFA council.
"Capturing that value requires additional expertise, additional insight, distinct from governing and developing the sport," he said.
"It would simply commercialise and organise all FIFA-owned competitions along with sponsorship, broadcast, licensing and new ventures for the benefit of FIFA's 211 member associations."
Infantino said the game would not change and the fans would be happier.
"Fans from everywhere in the world would gain immeasurably from this game-changing potential because it will transform football in their countries," he said.
Y.Zaher--SF-PST