RESOLVING THE LEDGER
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See the full story · 12 sourcesx whatsapp-stroke copylink google Add Al Jazeera on Google info By Kevin Hand Published On 29 Jul 2026 29 Jul 2026 The dust has barely settled on the expanded 48-team FIFA World Cup 2026, yet further development of the competition’s future has already been mooted, as well as struck by a fierce backlash.
The shine on the trophy, now held by Spain after their defeat of Argentina in the final, still glitters brightly, but there were tarnishes to this year’s event.
Now, the game’s global governing body, FIFA, and its president, Gianni Infantino, face yet more criticism after a plan was released to sell stakes in future World Cups and other events to private investors.
From European football’s governing body, UEFA, to the United Kingdom’s new prime minister, Andy Burnham, FIFA’s plan has been slammed. There has even been a suggestion of a boycott by UEFA.
Al Jazeera Sport takes a look at what the latest proposals on FIFA’s desk mean.
FIFA announced plans on Tuesday to sell stakes in future World Cups and other events to private investors in a bid to maximise revenue for the sport.
The proposal is to create a $20bn subsidiary to run the World Cup and other events.
FIFA says it would retain the majority share of a newly created FIFA Forward Enterprise (FFE) scheme, meaning it would still preside over football governance, competitions, match calendars and regulatory and sporting decisions.
Minority stakes, however, would be sold to external investors to raise up to $4.2bn as part of the new proposal.
Debate raged for months in the build-up to World Cup 2026 that FIFA’s ticket pricing was pushing fans out of “the people’s game”, as it has long been regarded.
FIFA’s defence was that the World Cup is their main source of income to support the game around the globe – from the sport’s grassroots to the administration of the major international events.
This latest proposal is FIFA’s attempt to stretch that revenue potential even further.
Billions of dollars are already raised by FIFA tournaments, largely from broadcasting rights, sponsorship and other commercial deals.
This new commercial subsidiary, the FFE, would extend beyond traditional means of raising funds and would be akin to the franchise model that many sports have now turned to.
The Indian Premier League (IPL), a T20 cricket tournament, was one of the first competitions to fully exploit the potential of franchise models, selling stakes in teams in a newly formed competition.
On Wednesday, the IPL – only formed in 2008 – announced its value had soared more than 11% this year to 20.6bn .
Teams in that competition are owned by majority investors, who therefore hold significant sway in how it is run.
Other models, including The Hundred of the England and Wales Cricket Board (ECB) – an attempt to rival the IPL – have sold minority ownership of the teams.
ECB, as a result, retains control of the competition, and this is what FIFA is proposing for the share of the World Cup and its events that it intends to sell privately.
Nonetheless, a share is a share and new investors, be it in cricket’s The Hundred or in the FIFA World Cup, will expect at the very least to be heard when it comes to decision-making.
This is where concerns are being raised about the proposals.
Thrive Eternal, a United States venture capital firm, has been put forward to lead the proposed investor group, FIFA said.
The vehicle was founded by Joshua Kushner, the brother of US President Donald Trump’s son-in-law, Jared Kushner.
Any potential investors would thereafter buy into the FIFA events via Thrive Eternal.
FIFA has said all net benefits will be reinvested in football, and that all countries should benefit from the ever-increasing profitability of the sport.
“Football is the world’s most popular sport,” FIFA President Gianni Infantino said in a statement.
“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.
“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.”
FIFA has already clashed with domestic and continental governing bodies during World Cup 2026. The European powerhouse, UEFA, was the first to speak out against the new proposals.
“This crosses a line that football’s governing institutions should never cross,” UEFA said.
“UEFA takes it extremely seriously. So should every National Football Association. So should every stakeholder who cares about the future of the game.
“The soul and governance of football are not assets to trade – especially with zero transparency as to who gains financially. None of us are the owners of football. It is not FIFA’s to sell.”
Andy Burnham, who only replaced Keir Starmer as the United Kingdom’s prime minister last week, 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,” he added.
The Confederation of North, Central America and Caribbean Association Football (CONCACAF) said on Wednesday that it had not been informed of FIFA’s proposed sale of equity to outside investors and was “deeply concerned” over a lack of due process.
Any change will need to be voted through by FIFA’s 211-country membership.
Of that number, 55 nations fall within UEFA’s governance.
The European body will hold an emergency meeting later this week to discuss the proposals.
Were FIFA to implement such a plan, one possible response UEFA could take would include a boycott of FIFA competitions.
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