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'It crosses a line': Dutch FA disapproves of FIFA's investment plans

PA

Paul Winters

Published 1 hour ago

The Dutch football association (KNVB) has reacted disapprovingly to FIFA's plans to create a $20 billion subsidiary to run ‌the World Cup.

[p]FIFA said on Tuesday it plans to create ​the subsidiary to run the World Cup and its other events, and ​will offer stakes of up to 20% in it to external investors.[/p][p]Additionally, FIFA president Gianni Infantino will give €40 million to each football association that approves of the plans for the 'FIFA Forward Enterprise', as the subsidiary will be called.[/p][p]The move has provoked ⁠a furious ​response from European football authorities, including UEFA, which said FIFA was putting the game up for sale.[/p][embed guid="7d97b5dc-a451-43cf-a140-1f3dd5280ece" url="https://x.com/SkySportsNews/status/2082729955629183062?s=20" social-type="twitter" /][p][b]"The soul and governance of football are not assets to trade - especially with zero transparency as to who gains financially. None of us are the owners of football. It is not FIFA's to sell,"[/b] UEFA said in a statement.[/p][p]Following UEFA's critical line, Frank Paauw, president of FIFA founding member [a href="https://www.flashscore.ca/team/netherlands/WYintcWb/"]KNVB[/a], disapproved of FIFA's plans, as revealed during television program Nieuwsuur on Thursday evening.[/p][p][b]"For the KNVB, this marks a line that has been reached and crossed," [/b]Paauw told Nieuwsuur. He continued to say that the money [b]"is not as important to us as it is to others, without sounding too decadent. To us, it's about principles."[/b][/p][p]Paauw revealed that all 55 UEFA members would join for an emergency meeting on Friday, during which they'll discuss FIFA's plans.[/p]

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