Japanese conglomerate SoftBank Group (9984.T) is part of a consortium of investors that are planning a $25 billion move to create international tournaments for soccer’s governing body FIFA, the Financial Times has reported.
The report said the group, which includes investors from the United States, Saudi Arabia and China, were discussing proposals to expand the Club World Cup along with the creation of a new league competition for national teams.
The Club World Cup is an annual competition that sees seven clubs, usually winners of their continental tournaments, compete in a knock-out event. Spain’s Real Madrid have won three of the last four editions.
The report said FIFA would have a 51 percent stake in the venture.
SoftBank declined to comment on the report.
The New York Times reported this week that FIFA President Gianni Infantino told his top board last month that a fund of investors from the Middle East and Asia wanted to pay about $25 billion to buy an expanded version of the Club World Cup as well as the rights to a proposed global league for national teams.
https://www.reuters.com/article/us-soccer-fifa-softbank/softbank-among-investors-for-25-billion-fifa-plan-report-idUSKBN1HJ10I?feedType=RSS&feedName=businessNews&utm_source=Twitter&utm_medium=Social&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
Thoughts?
I dont like the sound of this at all, i have no interest in seeing a top european playing some drab mls or chinese team, nor do i see how they could fit the extra games in
$25billion fifa tournaments
posted on 12/4/18
If this actually happens it's RIP grassroots football. In fact RIP any kind of football.
posted on 12/4/18
Great idea for all clubs not in Europe.
Terrible idea for European clubs.
As for the international league, isn't that what the Nations league is....
Scrap a world wide nations league, having to travel to Peru to watch Scotland let me down would be morbid.
posted on 12/4/18
comment by Baz tard (U19119)
posted 1 minute ago
I have no interest in seeing a top Asian team play a drab humdrum part time champions league team like Liverpool.
They should look instead to expanding the champions league out more. Y’know like the European cyp it replaced, which was for champiobs.
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posted on 12/4/18
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posted on 12/4/18
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posted on 12/4/18
comment by TTliv87 (U11882)
posted 9 minutes ago
Why is it 4 completely irrelevant countries (in the context of football) proposing this. Fack playing a bunch of anime writers from Japan. What a waste of facking time. Stupid idea.
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I presume they are fed up watching all the big Euro leagues getting fat and rich. Can’t really blame them.
posted on 12/4/18
Its all a load of hooey and a money making racket.
The prize money of entering this comp better start at 100mil.
posted on 12/4/18
comment by Baz tard (U19119)
posted 1 hour, 30 minutes ago
comment by TTliv87 (U11882)
posted 9 minutes ago
Why is it 4 completely irrelevant countries (in the context of football) proposing this. Fack playing a bunch of anime writers from Japan. What a waste of facking time. Stupid idea.
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I presume they are fed up watching all the big Euro leagues getting fat and rich. Can’t really blame them.
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you can, your making it sound like europe is oppressing them
posted on 12/4/18
Maybe if those countries liked football to a similar level to Europes their own leagues wouldnt be so facking dreadful
posted on 12/4/18
Comment Deleted by Article Creator