- Fifa has a $25 billion plan to reshape football, the FT reported.
- It would involve new international tournaments and a sport less dominated by Europe.
- A partnership between Fifa and and a group of investors from Saudi Arabia, China, the US and the United Arab Emirates are behind the plans. Japan’s Softbank is also involved.
- The move could help Fifa’s president who has been under pressure to restore profits to the organisation and will be up for re-election next year.
LONDON – Fifa is working on a $25 billion plan for new international tournaments and reshape global football, the FT reported.
A group of investors from Saudi Arabia, China, the US and the United Arab Emirates have guaranteed revenues of $25 billion a year, the FT, said, while Japan’s Softbank is also involved. A UK based group called Centricus has the assembled the investors.
Fifa’s has a 51% stake in the the plans, which will involve an expanded version of the Club World Cup, a global tournament.
Here is a chart of Fifa’s revenue in recent years.