FIFA Reportedly Receives $25 Billion USD Bid to Control Two Tournaments

From a “mystery consortium.”

Sports
7,336 Hypes 3 Comments

According to The New York Times, a “mystery consortium” of investors in the Middle East and Asia have reportedly placed a $25 billion USD bid to FIFA for control over two tournaments.

The report states that FIFA President Gianni Infantino told officials last month that the international football body had received an offer from a fund of investors, including Japan’s SoftBank. The bid was for the rights to “an expanded version of FIFA’s Club World Cup as well as the rights to a proposed global league for national teams,” the Times said.

This move could help with FIFA’s current president who has been under pressure to raise revenues for the organization and will be up for a possible re-election in 2019. Infantino was elected in 2016 following a corruption scandal that hit the organization in 2015.

Read more about the mysterious bid in The New York Times report.

As the 2018 FIFA World Cup in Russia approaches, video assistant referees will be used during the tournament.

Read Full Article

What to Read Next

YEEZY Season 6 Desert Rat Boot In “Graphite Suede” Now up for Grabs
Footwear

YEEZY Season 6 Desert Rat Boot In “Graphite Suede” Now up for Grabs

Don’t blink.

Mark Zuckerberg Made $3 Billion USD After His Congress Testimony
Tech

Mark Zuckerberg Made $3 Billion USD After His Congress Testimony

His stake is now worth $66 billion USD.

The SEGA x PUMA RS-0 Sneaker Was Unveiled at PUMA’s Running System Global Launch
Footwear

The SEGA x PUMA RS-0 Sneaker Was Unveiled at PUMA’s Running System Global Launch

A full look at the ‘Sonic the Hedgehog’ sneaker.


'Bao' Comes to Life in New Clip Shared by Pixar
Entertainment

'Bao' Comes to Life in New Clip Shared by Pixar

Scheduled to play before ‘The Incredibles 2.’

ALLBLACK, Nef the Pharaoh & Rexx Life Raj Deliver the Hardest-Hitting Funk on "Big Sh*t"
Music 

ALLBLACK, Nef the Pharaoh & Rexx Life Raj Deliver the Hardest-Hitting Funk on "Big Sh*t"

The Bay’s next big star also gives us some game.

Nicki Minaj Opens Up About Cardi B and Quavo Issues
Music

Nicki Minaj Opens Up About Cardi B and Quavo Issues

She talks Meek Mill, Drake and the Birdman and Lil Wayne drama

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.