RESOLVING THE LEDGER
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Fifa’s president hopes to sell stakes in the planet’s most watched sporting event. In the wider interests of football, he must be resisted
Like a sporting Dr Pangloss, Fifa’s president, Gianni Infantino, would like to persuade football followers that they are living in the best of all possible worlds. Maddeningly for him, many disagree. On Monday, Mr Infantino published a 15-page Instagram rant in which he bemoaned the “hate and false rumours” in circulation during the recent men’s World Cup. White House interference over a crucial refereeing decision, prohibitive ticket prices , unnecessary but lucrative hydration breaks ; it was all, as his best friend in politics, Donald Trump, would say, “fake news”.
But where the president of world football’s governing body sees haters, others see lovers of the game rightly concerned over where he is taking it. On Tuesday, Fifa confirmed that it hopes to sell stakes in the World Cup and other tournaments to private investors who may include Joshua Kushner, the brother of Mr Trump’s son-in-law Jared. The investors would buy into a new $20bn company , Fifa Forward Enterprise, which would sell all of Fifa’s commercial rights, including ticketing, and take charge of “operational delivery” of World Cups.
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