\n\n

The profit motive has strangled sports. Now Fifa is putting soccer up for sale | Dave Schilling

Gianni Infantino’s plan for a Fifa subsidiary is odious – but it’s hard to feel surprised

Just when you thought global soccer couldn’t get more odiously capitalistic, Gianni Infantino said: “Hold my beer” (as long as that beer you’re holding is a Michelob Ultra, one of the official sponsors of the 2026 World Cup).

The World Cup, one of the largest and most prestigious sporting competitions on the planet, is for sale. Infantino, the president of the soccer governing body Fifa, is the architect of a plan to sell up to 20% of a new subsidiary that would administer tournaments such as the World Cup and Club World Cup. The subsidiary, which would oversee Fifa’s commercial activities, would be called “Fifa Forward Enterprises”. If I see the word “forward” in a corporate initiative, I assume it’s either a diversity program that’ll get dropped after a couple years, a training video on how to exit a building during an emergency evacuation, or a blatant cash grab. Take a guess which one I think this is.

Continue reading…

Related Posts

Don’t call them ICE detention centers. Call them camps | John Washington

I’ve spent a decade reporting on immigration enforcement. The word ‘camp’ best captures the political function of these facilities We don’t have concentration camps today in the United States, but…

America's digital supremacy depends on our ability to upgrade the power grid — quickly

The good news is that the nation’s grid has proven itself to be remarkably dependable during the growth of the digital economy. The bad news is that it badly needs to be modernized.

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Netanyahu blames social media for drop in US support for Israel

Netanyahu blames social media for drop in US support for Israel

Jury hears chilling 911 call from Lindsay Clancy’s ex-husband in murder trial

Jury hears chilling 911 call from Lindsay Clancy’s ex-husband in murder trial

U.S. economy sees sluggish growth numbers in second quarter

U.S. economy sees sluggish growth numbers in second quarter

Jared Leto denies sexual misconduct allegations made by multiple women in new BBC documentary

Jared Leto denies sexual misconduct allegations made by multiple women in new BBC documentary

OpenAI’s Sam Altman meets with key White House advisers to discuss AI development

OpenAI’s Sam Altman meets with key White House advisers to discuss AI development

Several companies tied to Trump and his family distance themselves from controversial IRS agreement

Several companies tied to Trump and his family distance themselves from controversial IRS agreement