Soccer-Defiant FIFA doubles down on private investment plan, says 'nobody is selling football'


The FIFA logo and silhouettes of people are seen in this illustration taken July 30, 2026. REUTERS/Dado Ruvic/Illustration

July 31 (Reuters) - FIFA said on Friday it would push ahead ⁠with consultations on a plan to bring private investment into the World Cup despite European football threatening a boycott and other regional confederations rebuking the ⁠global soccer body's plans.

Switzerland-based FIFA said "incorrect media reports" this week had disrupted its planned consultation process but that it would press on with ‌putting the controversial proposal in front of its 211 national football member associations.

"We will proceed with this consultation process to ensure that each MA (Member Association) has the ability to express its vote based on facts," it said in a statement issued in the middle of the European night.

FIFA has proposedcreating a $20 billion subsidiary, FIFA Forward Enterprise (FFE), to run the World Cup and its other events, with a stake of up ​to 20% to be offered to external investors.

Thrive Eternal, a fund run by Thrive Capital, founded by ⁠Joshua Kushner, is expected to lead the proposed investor group, FIFA ⁠said. Joshua is the brother of Jared Kushner, U.S. President Donald Trump's son-in-law.

UEFA LEADS OPPOSITION TO FIFA WORLD CUP PLAN

The European football association, UEFA, has led the ⁠widespread ‌opposition to the proposal, accusing FIFA of putting the sport's "soul" up for sale.

On Thursday, UEFA's55 member nations voted unanimously to boycott all FIFA tournaments, less than two weeks after Spain were crowned World Cup champions.

"Nobody is selling football. This is not something FIFA would ever entertain," FIFA responded in Friday's statement.

"Everyone has the right ⁠to express their opposition and to seek further clarification but no single entity can claim to ​represent all 211 MAs around the world.

"Each MA should ‌be allowed to review the proposal and have a say in shaping their own future. These are the democratic principles of FIFA."

CONCACAF, the regional ⁠federation for North America, Central America ​and the Caribbean, rejected the proposal during a meeting on Thursday but the 41-member body did not follow UEFA with a boycott threat.

The Asian Football Confederation also issued a scathing letter to Asia's 47 member associations and said the proposal would never succeed without the support of all six regional blocs.

FIFA SAYS PROCESS IS A DEMOCRATIC ONE

FIFA President Gianni Infantinosaid in a letter to ⁠all member associations this week that they would receive $40 million each if they agreed to FIFA's ​proposal by September 19.

On Friday, FIFA stressed that it would not go ahead with the plan without the support of the majority of its member associations.

"These principles underpin the FFE proposal: unprecedented development funding, truly global ownership of the commercial opportunities of our sport, and full self-determination through a democratic process for all MAs," FIFA said.

UEFA and CONCACAF combined ⁠have 96 associations, just under half of FIFA's 211 members.

However, not all individual member nations would be certain to follow their federations' line.

Czech Football Association President David Trunda told Sky Sports that he could see the "positive impact of FIFA's intentions", while the Mexican Football Federation (FMF) said it would study the proposal before deciding its position, despite CONCACAF's rejection.

XABI ALONSO SAYS FOOTBALL IS FOR THE FANS

Xabi Alonso, a World Cup winner with Spain in 2010, said on Friday that football had to prioritise the people who watch the ​game, not private interests.

"The way we love football is like this, and we have just seen a great World Cup. ⁠If things stay this way, then good. We have to defend the interests of all the people," the Chelsea coach told reporters in Sydney.

"I think that it's the common feeling ​of football people that we want something that we keep in the hands of everyone, that it's for ‌all the people. So, hopefully it won't happen.

"And we will do it, we will ​keep the game as attractive and as authentic as we like it. That's why it creates this emotion, this passion we've seen at the World Cup."

(Reporting by Ian Ransom in Melbourne and Aadi Nair in Bengaluru; Additional reporting by Nick Mulvenney in Sydney; Editing by Muralikumar Anantharaman and Kevin Liffey)

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