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FIFA receives $25 billion offer from investors

FIFA receives $25 billion offer from mystery investment group for tournament rights

April 23, 2018 By Emmanuel K. Budu-Annor
President Gianni Infantino called for an emergency meeting to discuss the offer with leaders of football’s six regional bodies.

World football’s governing body could be in for a bumper harvest if recent reports are to believe. According to the New York Times, FIFA has received a $25 billion offer from an unnamed investment group who aim to secure rights to tournaments.

This, in turn, has caused President Gianni Infantino to call for a rare meeting, scheduled to happen within the course of the week with leading executives in international football. The motive is to discuss the terms and details of the offer on the table and also convince the hierarchy to allow the negotiations to proceed.

According to the president, the investment could help in the revamping of football for many decades to come should the pending deal go through. On the flip side of the meeting, Mr. Infantino also seeks to calm individuals who are irate over his pursuit of the deal. 

Per The New York Times' editorial, the FIFA president held a secret meeting with the group of international investors back in April where he later disclosed the development in negotiation at a meeting with the FIFA board. However, a non-closure agreement signed between the president and the consortium forced the officials to block the deal from moving forward.

The deal is said to be valid for the next 60 days and, as a result, a response should be arrived at in the shortest possible time. Reports suggest that the investors looking to splash the huge funds on the sport have ties to Saudi Arabia and China. SoftBank, a Japanese finnancial institution which runs the world's biggest technology investment fund, has also been named as one of the proposed investors.

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