European football’s governing body Uefa and Prime Minister Andy Burnham have criticised proposals from Fifa to seek private investment in its competitions, including the World Cup.
Fifa – the sport’s global governing body – said it intends to expand “football development funding” to more than $10bn (£7.5bn) and invite third-party investment in a new venture.
The story was first reported in the Financial Times and the Times, with the latter claiming the plans could potentially earn Fifa president Gianni Infantino tens of millions of pounds.
In a lengthy statement outlining the proposals, Fifa says it will “invite third parties to make minority, non-controlling investments” in a new subsidiary – Fifa Forward Enterprise (FFE) – to “consolidate” its commercial and event operations.
The plan still needs to be passed by a vote of Fifa’s 211 member nations. But if approval is granted, Fifa says Thrive Eternal is expected to lead the proposed investor group for FFE.
Thrive is an American venture capital firm founded by Joshua Kushner, the brother of US President Donald Trump’s son-in-law Jared.
Fifa sources have told BBC Sport there has been no discussion over Infantino, or anyone else, becoming chief executive of FFE.
In its statement, Fifa did say Infantino and the rest of the organisation “has a duty” to control the development of the project. Fifa has not said precisely what that means, or what the specific nature of Infantino’s involvement will be.
As part of its pitch Fifa says all member associations will be able to access up to $20m (£15m) in “one-off capital” to fund development.
Infantino said every nation should benefit from the riches football creates.
“Parts of the game have turned that popularity into remarkable commercial value – and we celebrate that success and want it to continue, because it lifts the whole game,” he said.
“Our job is to make sure the rest of football grows with it: Fifa exists to support sustainable, inclusive development in every corner of the world.”
However, Uefa has issued a statement criticising the proposals, which it claimed “crosses a line”.
Burnham said going ahead with the idea would mean Fifa had “sold out”.
He wrote on X: “Let me say this very directly. Football does not belong to investors. It belongs to the people who fill the stands and who stand on the touchline week in, week out, rain or shine.
“The World Cup is not a product. It is the greatest competition in world sport, and it was never anyone’s to sell. Dress the deal up however you like. Once you have sold a piece of it, you have sold out.
“Football belongs to the fans. It always has, and it always will.”
The Football Association says it was unaware of Fifa’s plans when they were released.
