Key facts
- President Donald Trump denies discussing FIFA's plan to sell stakes in its commercial rights.
- Donald Trump stated he has not discussed the matter with FIFA President Gianni Infantino.
- FIFA plans to create a subsidiary valued at $20 billion.
- FIFA plans to offer up to 20% of the subsidiary's equity to external investors.
President Donald Trump has denied reports that he discussed FIFA's plan to sell stakes in its commercial rights with FIFA President Gianni Infantino. FIFA is reportedly exploring the creation of a new subsidiary that would be valued at approximately $20 billion. This subsidiary would aim to offer up to 20% of its equity to external investors. The denial from President Trump addresses speculation that he was involved in discussions regarding this significant financial move by the international football governing body. FIFA's exploration of selling stakes in its commercial rights represents a notable shift in its financial strategy, as it seeks to generate new revenue streams and potentially bring in strategic partners. The exact nature of any discussions, if they occurred, remains unclear, but the President's office has explicitly stated no such conversation took place regarding this specific FIFA initiative.