UEFA has called an emergency meeting of its 55 member associations to discuss FIFA’s proposal to sell stakes in its major football competitions to external investors.
The virtual meeting will take place later this week as concerns grow over FIFA’s plan to create a new commercial subsidiary to manage its biggest tournaments.
FIFA Plans New Commercial Structure
FIFA wants the new company to oversee competitions such as the men’s and women’s FIFA World Cups and the FIFA Club World Cup.
Under the proposal, outside investors would be able to buy stakes in the business. FIFA says the move would generate more revenue for global football.
The governing body also said the plan would increase development funding to $10 billion. In addition, each of its 211 member associations could receive up to $20 million in one-off capital.
UEFA Raises Concerns
However, UEFA has strongly criticized the proposal.
According to BBC Sport, European football’s governing body said FIFA’s plans had “crossed a line.” UEFA warned that allowing private investors into major competitions could give them too much influence over the sport.
The Football Association has also raised concerns. It said FIFA did not consult it before announcing the proposal.
Member Associations to Discuss Response
The emergency meeting will give UEFA’s member associations an opportunity to agree on a common response.
Reports suggest a possible boycott could be discussed, although no decision has been taken.
UEFA believes its member associations play a vital role in the success of FIFA competitions.
European teams have also dominated recent World Cups. Six of the eight quarter-finalists at this year’s tournament came from Europe, including champions Spain.
