‘This crosses a line’: FIFA faces backlash over selling World Cup stake, Donald Trump connection
FIFA announced plans to create a $20 billion subsidiary to manage its commercial and event operations, allowing external investors to acquire up to 20% of the entity. The initiative aims to generate up to $4.2 billion for global football development but has sparked backlash from fans and football governing bodies over concerns of excessive commercialization and ties to Donald Trump through potential investors linked to his family. UEFA condemned the move, asserting that football governance should remain independent and transparent.