SCANDAL-RIDDEN Fifa is planning to team up with Saudi Arabian, Chinese and US investors in a $25 billion (£17.6bn), 12-year deal that could add two major international tournaments to an already crowded football calendar.
With preparations for this year’s World Cup in Russia reaching a climax, Fifa boss Gianni Infantino is looking to launch an expanded 24-team Club World Cup — played every four years starting in 2021 — and a separate global competition for national teams every two years.
Fifa would have a 51 per cent stake in the joint venture, with the investors underwriting guaranteed revenues of at least £17.6bn, sources told the Associated Press on Tuesday on condition of anonymity.
The Club World Cup is currently a seven-team event played each December and usually won by a European team. The Champions League winner joins the five other continental club champions and the host nation’s league champion. Fifa’s financial report says the 2017 edition in Abu Dhabi earned £26 million.
The second scheme, known as the Nations League, would replace the Confederations Cup as Fifa’s second-tier competition in a format yet to be decided.
The project is far from certain to succeed and is likely to face a hostile reception in Europe, which hosts the world’s biggest stars and most popular club competitions.
Fifa has put pressure on football’s continental governing bodies for a quick decision.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by joining the 501 club.
Just £5 a month gives you the opportunity to win one of 17 prizes, from £25 to the £501 jackpot.
By becoming a 501 Club member you are helping the Morning Star cover its printing, distribution and staff costs — help keep our paper thriving by joining!
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by become a member of the People’s Printing Press Society.
The Morning Star is a readers’ co-operative, which means you can become an owner of the paper too by buying shares in the society.
Shares are £1 each — though unlike capitalist firms, each shareholder has an equal say. Money from shares contributes directly to keep our paper thriving.
Some union branches have taken out shares of over £500 and individuals over £100.
You can’t buy a revolution, but you can help the only daily paper in Britain that’s fighting for one by donating to the Fighting Fund.
The Morning Star is unique, as a lone socialist voice in a sea of corporate media. We offer a platform for those who would otherwise never be listened to, coverage of stories that would otherwise be buried.
The rich don’t like us, and they don’t advertise with us, so we rely on you, our readers and friends. With a regular donation to our monthly Fighting Fund, we can continue to thumb our noses at the fat cats and tell truth to power.
Donate today and make a regular contribution.