• Latest
  • Trending
  • All
  • Egypt
  • Business
  • Local
  • World
UEFA votes to boycott World Cup over FIFA stake sale

UEFA votes to boycott World Cup over FIFA stake sale

July 30, 2026
US, Israel plan Iran energy strikes

US, Israel plan Iran energy strikes

July 31, 2026
Egypt urges media to rely on official sources over Damietta port incident

Egypt urges media to rely on official sources over Damietta port incident

July 31, 2026

UN: Hamas disarmament deal ‘rare good news’

July 31, 2026
UN: Hamas disarmament deal ‘rare good news’

UN: Hamas disarmament deal ‘rare good news’

July 31, 2026
Egypt offers condolences to Algeria over deadly bus crash

Egypt offers condolences to Algeria over deadly bus crash

July 31, 2026
Chinese military researchers tap US AI models

Chinese military researchers tap US AI models

July 31, 2026
Trump hails ‘unique’ cabinet meeting at Camp David

Trump hails ‘unique’ cabinet meeting at Camp David

July 31, 2026
Occupation forces crack down on West Bank village

Occupation forces crack down on West Bank village

July 31, 2026
‘Treasures of the Pharaohs’ exhibition opens in San Francisco

‘Treasures of the Pharaohs’ exhibition opens in San Francisco

July 31, 2026
Trump: Iran not to blame for Minnesota cyber attack

Trump: Iran not to blame for Minnesota cyber attack

July 31, 2026
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, August 1, 2026
  • Login

Editor-in-Chief

Mohamed Fahmy

Board Chairman

Tarek Lotfy

Egyptian Gazette
No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
No Result
View All Result
Egyptian Gazette
No Result
View All Result
Home Sports

UEFA votes to boycott World Cup over FIFA stake sale

by News Wires
July 30, 2026
in Sports
Pitch staff carry the FIFA logo on the pitch before the match REUTERS/Mike Segar/File Photo

Pitch staff carry the FIFA logo on the pitch before the match REUTERS/Mike Segar/File Photo

Share on FacebookWhatsapp

UEFA and its 55 European member nations voted unanimously on Thursday to boycott the World Cup and all FIFA tournaments in protest at world ​soccer’s governing body’s plan to sell a stake to external investors.

The dramatic move came after the Asian Football Confederation (AFC) issued a scathing letter to the continent’s ‌47 member associations and warned the proposal would never succeed without the support of all of football’s regional blocs.

“UEFA and its 55 member associations stand as one. We unanimously and unequivocally reject FIFA’s proposal to transfer ownership interests in the World Cup and other FIFA competitions to private investors,” UEFA said in a statement.

“As a result of today’s discussion, no UEFA national teams will participate in any FIFA competition for so long as these ​proposals remain alive, unless this proposal has been abandoned in its entirety and binding assurances have been given that FIFA will never again open its governance or competitions ​to private ownership.”

European soccer’s ruling body said the World Cup was not for sale and could not be treated as an investment product ⁠or surrendered to private investors.

“This is not merely a profound failure of leadership, but an abdication of FIFA’s duty as the custodian of world football,” it said of the proposal.

“The moment external ​investors acquire ownership interests in FIFA competitions, football changes forever. Commercial return becomes a permanent obligation. Investor expectations become a daily pressure.”

AFC president Sheikh Salman bin Ebrahim Al-Khalifa said his ​body was not consulted by FIFA at any level prior to the public announcement and declared that, and the lack of any detailed governance, financial or legal analysis of the proposal, as “totally unacceptable”.

“FIFA’s unilateral actions appear to undermine the very foundations of Continental football, which are based on solidarity, cooperation and transparency,” added the Bahraini.

The AFC’s forthright criticism heaps further pressure on FIFA President Gianni Infantino, who has spearheaded the contentious plan to ​create a $20 billion subsidiary to run the World Cup and its other events, while offering minority stakes to private investors.

CONCACAF, the regional bloc for North America, Central America and the Caribbean, ​also criticised FIFA for a lack of consultation.

Infantino offered FIFA’s 211 member associations $40 million each if they agree to the proposal by September 19 as part of a $10 billion package to become available from January 1, 2027.

If ‌rejected, the ⁠package would revert to $2.7 billion previously offered, around $10 million per member association.

Infantino said FIFA will put the proposal to a vote by its member associations (MAs) and then to its executive Council.

Tags: fifaUEFAWorld Cup
ADVERTISEMENT
egyptian-gazette-logo

The Egyptian Gazette is the oldest English-language daily newspaper in the Middle East.
It was first published on January 26, 1880 and it is part of El Tahrir Printing and Publishing House.

Follow Us

Gazette Notifications

Would you like to receive notifications on our latest news ?

  • Advertise
  • Privacy & Policy
  • Contact

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.