Close Menu
  • News
  • Politics
  • Business
  • Daily News Cover
  • Entertainment
  • Tech
  • More
    • Education
    • Opinion
    • Metro
    • Sports
  • Advert Rate
Facebook X (Twitter) Instagram
Trending
  • Ogun APC chieftain, Dr. Ololade Kehinde showers encomiums on Senator Yayi on 57th birthday
  • Group launches mass tree-planting initiative to combat climate change in Northern Nigeria
  • P-Square’s feud: Celebrities rally support for Peter after Jude’s negative remarks
  • BBNaija 11: ‘It’s disrespectful’ – Gerald scolds girlfriend, Kamsy for dancing with other men
  • Toke Makinwa finally reveals daughter’s face
  • Four jailed for laundering $5.3m in Lagos
  • Lagos arrests 27 suspected hoodlums for allegedly vandalising Festac-Alakija Bridge
  • WAFCON 2026: Madugu vows to address Super Falcons’ defensive problems
Facebook X (Twitter) Instagram
Daily News HubDaily News Hub
  • News

    Three Nigerians jailed in UK in one week

    August 8, 2026

    Nigeria, Canada announce air transport agreement to ease direct flights

    August 7, 2026

    Nigeria, Benin Republic agree on joint action against cross-border crimes

    August 7, 2026

    ICC concerned after Chad, Venezuela withdraw

    August 7, 2026

    NSITF shifts focus from activities to impact, urges financial discipline

    August 7, 2026
  • Politics

    Ogun APC chieftain, Dr. Ololade Kehinde showers encomiums on Senator Yayi on 57th birthday

    August 8, 2026

    2027: Iyalode of Ibeseland, Chief (Mrs.) Adebiyi rallies support for Senator Yayi, urges APC members to remain united

    August 8, 2026

    Osun election: Adeleke, APC campaign councils clash over alleged oath-taking video

    August 7, 2026

    Onaiyekan refused to recognise Tinubu as President in 2023 – Bishop Adegbite

    August 7, 2026

    Why Tinubu’ll win in 2027 — Accord Party presidential candidate

    August 7, 2026
  • Business

    Why I supported Dangote Refinery – Tinubu

    August 7, 2026

    Nigeria spent ₦1.16trn on fuel subsidy in 2021 – RMAFC

    August 6, 2026

    Banking reforms, FX market transparency boost economic growth – CBN

    August 6, 2026

    Preseason: Real Betis beat Arsenal 3-1

    August 5, 2026

    Electricity Act 2023: Nigeria’s Most Important Economic Reform

    August 5, 2026
  • Daily News Cover

    Hardship: Again, World Bank warns Tinubu against reversing reforms

    October 17, 2024

    Hardship: Atiku, Obi swoop on Tinubu as First Lady defends hubby

    October 10, 2024

    Rivers’ Day of Rage!

    October 7, 2024

    Police, #FearlessInOctober protesters set for showdown today

    September 30, 2024

    Guber poll loss:Edo Govt House ‘deserted,’ Obaseki ‘disappears’

    September 26, 2024
  • Entertainment

    P-Square’s feud: Celebrities rally support for Peter after Jude’s negative remarks

    August 8, 2026

    BBNaija 11: ‘It’s disrespectful’ – Gerald scolds girlfriend, Kamsy for dancing with other men

    August 8, 2026

    Toke Makinwa finally reveals daughter’s face

    August 8, 2026

    Okoye family feud: Hear from both sides before you conclude, judge – VeryDarkMan to Nigerians

    August 8, 2026

    Former Square Records signee, May D reacts to Okoye family controversy

    August 8, 2026
  • Tech

    Poor services: NCC orders telcos to compensate subscribers

    April 8, 2026

    Stop unauthorised filming of citizens,NDPC warns content creators

    March 13, 2026

    Alibaba plans $1.5m grants for African startups

    March 4, 2026

    Nigeria’s music streaming grew by 163.5% in five years — Spotify

    February 23, 2026

    X suffers global outageDaily Trust- X suffers global outage

    February 16, 2026
  • More
    • Education
    • Opinion
    • Metro
    • Sports
  • Advert Rate
Daily News HubDaily News Hub
Home»Sports»No plans to sell World Cup to private investors – FIFA
Sports

No plans to sell World Cup to private investors – FIFA

Daily News HubBy Daily News HubJuly 31, 2026No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

FIFA has firmly denied reports suggesting it is planning to sell the FIFA World Cup to private investors, insisting that a proposed commercial initiative under consideration is intended to generate more funding for football development rather than relinquish control of the sport’s premier tournament.

In a statement released on Friday, the world football governing body said recent reports had inaccurately portrayed its proposed FIFA Forward Enterprise (FFE), creating confusion among stakeholders and disrupting an ongoing consultation process with its 211 Member Associations.

FIFA stressed that the initiative was designed to help national football associations benefit from additional commercial opportunities while preserving the organisation’s ownership, governance and decision-making authority.

“Nobody is selling football. This is not something FIFA would ever entertain,” the organisation said, dismissing claims that the World Cup or other FIFA assets could be transferred to private investors.

According to FIFA, the proposal would involve the creation of FIFA Forward Enterprise as a subsidiary operating under FIFA’s ownership and control. The entity would manage certain commercial and event delivery activities with the aim of generating additional revenue to support football development worldwide.

The governing body said every member association would receive US$20 million in FIFA Forward development funding between 2027 and 2030, irrespective of whether it chose to participate in the initiative.

FIFA also proposed a one-off US$20 million payment through a new FIFA Fast Forward Programme, funded through external investment. It noted that participation in the scheme would be voluntary and would not require Member Associations to surrender any rights or influence over FIFA’s commercial operations.

“We respect the feedback and concern aired in public and reaffirm our commitment to an open and democratic consultation,” FIFA said, adding that member associations would have the opportunity to study the proposal and determine whether it served their interests.

FIFA further emphasised that the initiative would proceed only if it secured the backing of a majority of its Member Associations. Without such support, it said, the proposed enterprise would not be established and FIFA’s existing commercial structure would remain unchanged.

The clarification comes amid growing criticism of the proposal from some football stakeholders, including the Confederation of North, Central America and Caribbean Association Football (CONCACAF). Former FIFA adviser Carlos Cordeiro has also resigned over concerns related to the initiative.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Daily News Hub
  • Website

Related Posts

WAFCON 2026: Madugu vows to address Super Falcons’ defensive problems

August 8, 2026

Transfer: Toni Kroos reacts as Vinicius snubs Arsenal, extends contract with Real Madrid

August 7, 2026

Ex-Man Utd striker, Diego Forlan lands new managerial job

August 7, 2026

Comments are closed.

Ogun APC chieftain, Dr. Ololade Kehinde showers encomiums on Senator Yayi on 57th birthday

August 8, 2026

Group launches mass tree-planting initiative to combat climate change in Northern Nigeria

August 8, 2026

P-Square’s feud: Celebrities rally support for Peter after Jude’s negative remarks

August 8, 2026

BBNaija 11: ‘It’s disrespectful’ – Gerald scolds girlfriend, Kamsy for dancing with other men

August 8, 2026

Toke Makinwa finally reveals daughter’s face

August 8, 2026

Four jailed for laundering $5.3m in Lagos

August 8, 2026
About Us
About Us

Daily Newshub is a general interest online newspaper with bias for reporting the news behind the news cutting across Politics, Business, Economy, General Interests, Crime and Human Interest stories, Features/Opinions, City, Entertainment and Sports.

© 2026 Daily News Hub. All Rights Reserved. Designed by DeedsTech.
  • About Us
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.