Post by Augustine Chiagozie (@pabloexchange)

UEFA Hits Back at FIFA Plan to Sell World Cup Stakes to Investors

UEFA has reacted furiously to reports that FIFA president Gianni Infantino is planning to sell stakes in the World Cup to private investors.

FIFA has said it intends to expand "football development funding" to more than $10 billion and invite third-party investment in a new venture tied to its competitions, including the men's World Cup.

European football's governing body pushed back sharply against the proposals, signalling a bitter war of words between the two governing bodies over the future direction of the sport's flagship competition.

The plan raises significant questions about commercial control of the World Cup and who ultimately benefits from its revenues.

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