Sport
Real Madrid Applauds UEFA for Blocking FIFA’s World Cup Share Sale Plan
Real Madrid has issued a statement thanking UEFA for its role in pressuring FIFA to abandon plans to sell minority shares in the World Cup.
Real Madrid CF has officially expressed its gratitude toward the Union of European Football Associations (UEFA) following FIFA’s decision to scrap a controversial plan to sell shares in the FIFA World Cup. According to a report by Khaosod Online, FIFA had previously intended to establish a subsidiary, 'FIFA Forward Enterprise' (FFE), to manage commercial operations for future men’s and women’s World Cups. The proposal aimed to raise up to $4.2 billion by selling a 20% minority stake to external investors, with a total valuation of $20 billion.
The plan faced intense opposition, particularly from UEFA, which reportedly threatened to boycott the tournament if the sale proceeded. Consequently, FIFA opted to terminate the project. In its statement, Real Madrid praised the decision as a victory for the sport, its institutions, and global fans, specifically commending UEFA and other federations for their unified stance in protecting the integrity of the game.
For residents and travelers in Thailand who follow international football, this development ensures that the governance and commercial structure of the World Cup remain under the direct control of the sport's governing body rather than private equity interests. While the immediate plan has been shelved, it remains to be seen how FIFA will address its future funding requirements or if similar commercialization proposals will emerge in different forms. No further actions or official responses from other major football confederations have been confirmed at this time.
Translated from Thai.
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