UEFA has rejected FIFA’s proposal to sell stakes in the World Cup and other competitions to private investors. In a statement, UEFA expressed its strong opposition to the plan, stating that the World Cup is not an investment product and should not be treated as such.

UEFA’s Stance

UEFA believes that the World Cup is a sporting legacy that has been built over generations by players, national teams, and supporters across the globe. The organization argues that no part of the World Cup should be surrendered to private investors, as this would compromise the integrity of the competition.

UEFA also criticized FIFA’s decision-making process, stating that the proposal was conceived in secret and brought to the brink of approval without meaningful consultation with national associations. This, according to UEFA, is an abdication of FIFA’s duty as the custodian of world football.

The organization has made it clear that it will not participate in any FIFA competition if the proposal remains alive, unless it is abandoned in its entirety and binding assurances are given that FIFA will never again open its governance or competitions to private ownership.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.