SÃO PAULO, SP (UOL/FOLHAPRESS) - FIFA published this Thursday (30) a note to explain what Fifa Forward Enterprise (FFE) is, the entity's proposed sale of shares, boycotted in a text released by UEFA and all its representative nations.
Understand the proposed sale of FIFA shares that generated a UEFA boycott
SÃO PAULO, SP (UOL/FOLHAPRESS) - FIFA published this Thursday (30) a note to explain what Fifa Forward Enterprise (FFE) is, the entity's proposed sale of shares, boycotted in a text released by UEFA and all its...
The creation of this "SAF", according to president Gianni Infantino, will only be implemented if approved by the majority of FIFA's 211 member associations.
What is the proposal?
FFE will be a wholly owned subsidiary controlled by FIFA, consolidating the entity's commercial rights and event operations, according to the note. The company would join other existing FIFA subsidiaries.
What would the company be responsible for?
FIFA's "SAF" would manage the entity's commercial rights and event operations, including all competitions, such as sponsorships, broadcasts, licensing and other ventures.
According to FIFA, with the value acquired from the project, the idea is to increase the value of all these properties in order to benefit the entity's 211 member associations and, therefore, football.
What benefits does FIFA see in the proposal?
The objective of the proposal is that, with the possible increase in revenue, the amounts collected reach all sectors of football in an appropriate way, says FIFA. According to the note, although the commercial value of the sport has grown, the money has not reached the areas that need it most.
Would FIFA lose functions?
FIFA states that, if the proposal were approved, it would remain responsible for governing and developing football, including regulating, defining and organizing competitions.
What does FIFA need to approve the proposal?
For the FIFA Forward Enterprise proposal to be approved, a majority of the 211 member associations must approve the measure.
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