• About
  • Advertise
  • Privacy & Policy
  • Contact
HK Businesswire
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World

    Stocks fall ahead of US jobs data, oil prices rise

    Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

    Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

    Metalpha Reports Breakthrough in Total Assets for FY2026 Amidst Market Volatility

    FP Markets Analysis: Japanese Yen at a Crossroads as Markets Weigh Next Move

    FP Markets Analysis: Japanese Yen at a Crossroads as Markets Weigh Next Move

    /C O R R E C T I O N — Elong Power Holding Limited/

    Global Times: SAIC-GM’s 20-year renewal highlights China’s key role in auto innovation and global growth

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    HKT Posts 4% Profit Rise Amid Steady Local Recovery and AI-Driven Demand

    Alipay Launches AI-Powered Version ‘Abao’ to Streamline Services

    Xiaohongshu Prepares Confidential Hong Kong IPO Filing

    SpaceX Raises $75 Billion in Historic IPO Amid $350 Billion Investor Demand

    Chinese firms double down on tech: Xiaomi, Haier

    Xiaomi Launches MiMo Code AI Programming Assistant to Enter Coding Agent Market

    Apple Unveils Overhauled Siri AI and Major OS Updates at WWDC 2026

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World

    Stocks fall ahead of US jobs data, oil prices rise

    Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

    Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

    Metalpha Reports Breakthrough in Total Assets for FY2026 Amidst Market Volatility

    FP Markets Analysis: Japanese Yen at a Crossroads as Markets Weigh Next Move

    FP Markets Analysis: Japanese Yen at a Crossroads as Markets Weigh Next Move

    /C O R R E C T I O N — Elong Power Holding Limited/

    Global Times: SAIC-GM’s 20-year renewal highlights China’s key role in auto innovation and global growth

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    HKT Posts 4% Profit Rise Amid Steady Local Recovery and AI-Driven Demand

    Alipay Launches AI-Powered Version ‘Abao’ to Streamline Services

    Xiaohongshu Prepares Confidential Hong Kong IPO Filing

    SpaceX Raises $75 Billion in Historic IPO Amid $350 Billion Investor Demand

    Chinese firms double down on tech: Xiaomi, Haier

    Xiaomi Launches MiMo Code AI Programming Assistant to Enter Coding Agent Market

    Apple Unveils Overhauled Siri AI and Major OS Updates at WWDC 2026

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
HK Businesswire
No Result
View All Result
Home Entertainment Sports

Uefa says will boycott World Cup over Fifa proposals

David Lee by David Lee
30 July 2026
in Sports
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter
European football’s governing body Uefa said on Thursday it would boycott the World Cup should Fifa press ahead with its private investor plan.

“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,” Uefa said in a statement.

“The World Cup cannot be treated as an investment product… No part of it should ever be surrendered to private investors. The World Cup is not for sale.”

Fifa, football’s world governing body, on Tuesday announced plans to create a commercial subsidiary to run its biggest events, such as the World Cup and Club World Cup.

Under the proposal, private investors would be allowed to acquire stakes in the company but would remain minority shareholders, Fifa said.

The governing body hopes to raise up to US$4.2 billion based on a valuation of US$20 billion for the Fifa Forward Enterprise (FFE) initiative.

If approved, the project could provide each of Fifa’s 211 member associations with a one-off payment of US$20 million in early 2027 and increase their funding allocation for the 2027-2030 cycle from US$8 million to US$20 million.

Fifa president Gianni Infantino on Wednesday described the initiative as a “golden opportunity to turbocharge the development of the game globally.”

However, the proposal has drawn criticism from not only Uefa but also several leading European federations and European Union officials, who view it as another step in the commercialisation of sport and have raised concerns over potential conflicts of interest.

The Confederation of North, Central America and Caribbean Association Football (Concacaf) and the Asian Football Confederation (AFC) have also expressed concern that the proposal was made public before Fifa’s 211 member associations were fully consulted.

The Confederation of African Football (Caf) has called on its members to review Fifa’s controversial plan.

Uefa, in its statement on Thursday, said that the World Cup was “one of football’s greatest sporting legacies. It has been built over generations by players, national teams and supporters across every continent.”

“It is both irresponsible and indefensible that a proposal of such significance for football was conceived in secret and brought to the brink of approval without any meaningful consultation with those entrusted with stewarding the game,” Uefa said.

“This is not merely a profound failure of leadership, but an abdication of Fifa’s duty as the custodian of world football.

“National associations around the world are now presented with an ultimatum: accept the irreversible capture of football’s greatest competitions or bear the consequences.

“This is not a ‘democratic decision’, but governance by intimidation – an act of coercion unworthy of an institution entrusted with the stewardship of the global game.”

Uefa added: “Nobody should be in any doubt: Uefa and its national associations will oppose these plans with absolute determination.

“There are moments when institutions are judged not by what they are prepared to accept, but by what they refuse to compromise. This is one of those moments.

“Some things are simply too important to sell. The Fifa World Cup belongs to football. It always will. And so long as Europe has a voice, it will never be for sale.” (AFP)

Tags: Sports
David Lee

David Lee

Read More

Heat on Infantino as three football bodies unite

10 August 2026

NBA champion player, coach Don Nelson dead at 86

10 August 2026
  • Trending
  • Comments
  • Latest
EV, gas station site put up for sale

EV, gas station site put up for sale

31 July 2026
Elite Robots Collaborates with Generalist AI on Next-Gen Embodied AI

Elite Robots Collaborates with Generalist AI on Next-Gen Embodied AI

21 July 2026
Patriot Memory Announces Viper Steel 5 Infinite DDR5 Memory with Patent-Pending Infinite Mirror Optical Design and Speeds up to 8000MT/s

Patriot Memory Announces Viper Steel 5 Infinite DDR5 Memory with Patent-Pending Infinite Mirror Optical Design and Speeds up to 8000MT/s

22 July 2026
Enzene Launches NeX™, a Comprehensive Suite of Solutionsto Enable Cost-Efficient, High-Yielding Local Biomanufacturing

Enzene Launches NeX™, a Comprehensive Suite of Solutionsto Enable Cost-Efficient, High-Yielding Local Biomanufacturing

3 August 2026

Stocks fall ahead of US jobs data, oil prices rise

6 August 2026
Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

6 August 2026

Metalpha Reports Breakthrough in Total Assets for FY2026 Amidst Market Volatility

6 August 2026
FP Markets Analysis: Japanese Yen at a Crossroads as Markets Weigh Next Move

FP Markets Analysis: Japanese Yen at a Crossroads as Markets Weigh Next Move

6 August 2026

Recent News

Stocks fall ahead of US jobs data, oil prices rise

6 August 2026
Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

6 August 2026

Metalpha Reports Breakthrough in Total Assets for FY2026 Amidst Market Volatility

6 August 2026
FP Markets Analysis: Japanese Yen at a Crossroads as Markets Weigh Next Move

FP Markets Analysis: Japanese Yen at a Crossroads as Markets Weigh Next Move

6 August 2026
HK Businesswire

Stay ahead with the latest insights on Hong Kong’s economy, finance, and investments. From market trends to policy updates, we bring you in-depth analysis and expert opinions.

📩 Subscribe to our newsletter for exclusive updates.
📍 Follow us on social media for real-time news.
📧 Contact us: info@hongkong-invest.com

Follow Us

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 by HKBusinesswire.com

No Result
View All Result

© 2025 by HKBusinesswire.com