Here’s the latest update from the ongoing FIFA World Cup as of 2026-07-30 11:19:00.
UEFA is set to convene an emergency meeting of its 55 member associations on Thursday to address urgent matters concerning FIFA’s recent proposal to sell a stake in the FIFA World Cup 2026 to private investors. Sources have confirmed this development, which may potentially include discussions of a World Cup boycott.
FIFA President Gianni Infantino unveiled a plan on Tuesday aimed at raising $20 billion through equity sales to outside investors. Infantino expressed that this initiative aims to “unleash the commercial potential and opportunity that FIFA has.”
The announcement of this meeting follows UEFA’s stern accusation that FIFA is exploiting the sport for its own financial gain. On Wednesday, UEFA criticized FIFA, alleging that it is being used “to enrich themselves and their friends.”
Widespread Criticism
The proposal has faced intense backlash from numerous entities within the football community. LaLiga president Javier Tebas commented via X, stating, “This does not look like reform. It looks like an election campaign financed by the future of football.” He further expressed concern that development should not be a means to coerce votes or opinions.
In a pointed remark, Tebas stated, “Infantino is not the solution to FIFA’s governance. He is the problem.” He warned that FIFA might be veering deeper into murky waters regarding governance and transparency.
The English Football Association has also raised alarms about the proposal. In a statement, they expressed that they “were completely unaware” of the details and conditions tied to the proposal. The FA emphasized its concerns regarding the lack of procedural governance and promised to voice its views once complete information is disclosed.
FIFA Defends the Proposal
Despite the backlash, Infantino stood firm in defense of the proposed investment plan during an interview. He labeled it a “golden opportunity” to significantly enhance the global development of football. Infantino claimed that a substantial part of football’s growing commercial value has not been reaching areas that need funding the most.
To motivate member federations, Infantino set a deadline of September 19 for their approval of his proposal. He mentioned that should the plan be approved, an initial funding package of $10 billion would be available, in stark contrast to the $2.7 billion available if the plan is rejected.
FAQs
What is UEFA’s response to FIFA’s proposal?
UEFA plans to hold an emergency meeting to discuss potential actions, including a World Cup boycott.
What is the deadline for member federations to approve FIFA’s plan?
The deadline set by Infantino for approval is September 19, 2026.
Quick Facts
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- Source: www.espn.com – SOCCER
- Published: 2026-07-30 11:19:00
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Tags: #UEFA #hold #emergency #Thursday #meeting #FIFAs #World #Cup #plan #sources
Tags: #UEFA #hold #emergency #Thursday #meeting #FIFAs #World #Cup #plan #sources
