rock&roll⚫⚪⭐⭐⭐

Y la celebración a la Del Piero de Savarino ayer en Venezuela v Perú? @JuventusFC_VEN @Pueblo_Juve

@mtjuicy @CharlesDayus @pfemiolaleye Fair point on the venue costs, that split is real. Where we differ is the metric: city budgets roughly break even, while the return lands with local hotels, restaurants and businesses. Two different ledgers. Leaving it there, good exchange.

@burkebcn @CharlesDayus @pfemiolaleye Completely disagree with ur original statement . The host or the city pays for everything and then FIfa gets the revenue. Not in the mood to argue You can listen to the ex Chicago mayor yourself. Fifa wanted the city to pay for everything youtu.be/C8lKOQRDEA0?si…

Great question . FIFA makes money around the Male World Cup . So the rain falls every four years . They plan to set up an SPV to handle the commercial aspect of its products - World Cup , FWC and all under aged competition. The numbers I am seeing shows they are working with a valuation of circa $22.5bn for the shareholding of this entity . This means 20% equity will cost $4.5bn . This is simply a capital injection to own a piece of the SPV . The cash flows derived will be shared as dividends between the equity players and FIFA . Dividends will be derived based on profitability. So the assumption will be that Future cash flows will grow YOY as one major task this SPV will have to crack will be how to make it rain annually as against the current 4 yearly cycle . La Liga and even Ligue one in France have sold controlling stakes in their leagues valid for 20-30 years . The proposal by Gianni is 20% equity with no voting rights and no corporate governance. I get it . Issue is stakeholders were obviously not carried along . Gianni has ran this like a one man squad hence the uproar . If he handled this correctly, they would have tweaked it , worked with compliance to smoothen the rough edges and maintained a united front . For some weird reasons , proper corporate governance hasn’t been allowed and so the stakeholders are fighting back .

@mtjuicy @CharlesDayus @pfemiolaleye Chicago declined because the city's own costs were high, which proves the split I described: cities pay stadium and infrastructure, FIFA pays staging. Nobody asked Chicago to fund it. And the cities that did host generated $4.50 in local activity for every dollar FIFA collected

@burkebcn @CharlesDayus @pfemiolaleye That actually disproves your point. Chicago declined to host because of the major financial implications. FIFA pays prize money and other allowances maybe including remtal. Can you compare the cost to build or refurbish a stadium to rent for 4 matches?

@ThorCarlskov @433_CM @Deanooo1990 @USMNTfanatics16 You've argued both sides: the extra funding was leverage, and FIFA couldn't have enforced it anyway. Pick one. A threat nobody can carry out isn't a bribe, and you just explained why this one couldn't be.

@burkebcn @433_CM @Deanooo1990 @USMNTfanatics16 You have to be the first person I’ve heard of who trusts what FIFA says. The extra funding was of course a bribe. Just as when a politician promises a tax break. And of course FIFA can’t very well punish countries that opposes its proposals, that’d be suicide.

What a difficult choice between FIFA and UEFA. One wants to involve more countries but destroy the sport. The other wants to preserve the sport but keep it for a small European elite and like a spoiled child force everyone else to adapt to its wishes.

@ThorCarlskov @433_CM @Deanooo1990 @USMNTfanatics16 The proposal was withdrawn on Saturday. And in Friday's clarification FIFA stated the Forward increase to $20m per association applies regardless of whether members backed FFE, so the funding wasn't the price of a yes vote.

@433_CM @Deanooo1990 @burkebcn @USMNTfanatics16 Criticism dominated the narrative because it was a shitty proposal. Outside investors ought not get any influence over the World Cup or the game itself at the expense of fans. FIFA will know its place, which is to serve the fans that foot the bill.

@mtjuicy @CharlesDayus @pfemiolaleye Host regions generated roughly $4.50 for every dollar FIFA took from the tournament. New York/New Jersey alone projected $3,3bn and $432m in state and local tax. Cities pay infrastructure, FIFA pays staging costs, and the return flows to hotels, restaurants and local business.

@burkebcn @CharlesDayus @pfemiolaleye Dont know where you got that information from. The hosts state or country always pays for the tournaments. For example Chicago didn’t host any game because they didn’t want to pay costs for stadium refurbishment and all the other tax concessions. Other states had budgets for WC

@ThorCarlskov @433_CM @Deanooo1990 @USMNTfanatics16 Cordeiro resigned and the process criticism is fair, I won't pretend otherwise. But two corrections: nobody is selling shares of FIFA, it's a minority non-voting stake in a subsidiaryAnd offering more development funding isn't bribery. Bad process,separate question from bad plan.

@433_CM @Deanooo1990 @burkebcn @USMNTfanatics16 Rightly?! Why was the FIFA Council not consulted then? Why did FIFA adviser Carlos Cordeiro resign in protest? Because the FFE was Infantino's brainfart, nobody knew anything about it, and he tried to rush it through the general assembly by bribing MA's - that's not right.

@433_CM @Deanooo1990 @USMNTfanatics16 How happy I am about t you bro, we need smart people like you in Europe. Come here!

@Deanooo1990 @burkebcn @USMNTfanatics16 It’s impossible to sell shares of FIFA, what are you talking about? It was a business proposal that he rightly brought to the vote of the member nations. UEFA is big mad the information didn’t leak through to them 😂

@Deanooo1990 @USMNTfanatics16 I normally read news, then the sources, then think for myself. @fifamedia has the exact communication you need to read, all media and then UEFA, making statements based in media, were just not telling you what the actual source communicated. FIFA has never been on sale.

@burkebcn @USMNTfanatics16 Oh you mean how Infantino didn’t tell anyone about selling shares of FIFA.. didn’t even tell his top advisors 😂🤦🏻

@mtjuicy @CharlesDayus @pfemiolaleye Hahahaha... Do you know FIFA paid 2 million dollars a day for renting the stadium in the WC? For 3 Months? For the exclusivity? Smaller tournaments are 100% paid by FIFA too.

@burkebcn @CharlesDayus @pfemiolaleye The hosting country pays most of if not all of the cost to host a tournament. FIFA comes in all swoops. The host get the Benefit of more economic activity but they pay to host

Statement attributable to the FIFA President The FIFA Forward Enterprise project was intended to provide a basis for further strengthening our FIFA Member Associations and our sport worldwide, especially in those countries where support is most needed. And more so, as we said from the outset, to do this only if a majority of the FIFA Member Associations were in support and always subject to a consultation process with them, the FIFA Council, the Confederations and wider stakeholders. Having listened carefully to all the views, it has become clear that the project has created divisions of a nature that, regardless of the level of support, are no longer in the interest of the objective set out in the first place. Our purpose has always been - and will always be - to unite and improve. As a result, this proposal will not proceed. Moving forward, my intent is to bring all interested parties back together in the coming days and weeks in the spirit of shared interest in our game, and with the objective to continue growing football everywhere, particularly in those countries that mostly need our support.

@CharlesDayus @pfemiolaleye Do you think all male & female u15, U17, u19, u22 world cups on each football, futsal and beach football are free to organize? And BTW, they are full investment with no return... That's also where that money goes

@pfemiolaleye FIFA just made $15bn from the last word cup. Spent $3.5b and has a balance of $11.5bn to share amongst the federations. Why would FIFA sells 20% to raise $4.5bn. The maths do not add up.

I know there is smart people in this platform. Thank God!

@metaverse899 @FIFAcom 😂

@burkebcn @FIFAcom 🤣

FIFA intends to expand football development funding to over USD 10 billion subject to approval by FIFA Member Associations:

@fidalgod2000 @coachpassy La FIFA como organizador de los eventos si seguirá siendo sin fines de lucro, precisamente por eso es necesaria la filial con fines de lucro, el movimiento de dinero es inmenso y se necesita una empresa para hacerlo todo bien.

@coachpassy Entonces lo de fines de lucro, ya no va?👀

Sean sinceros y sinceras en su respuesta. Si mañana la FIFA toma la decisión de cotizar en el NASDAQ, y tienes 1000 dólares para invertir en acciones, ¿invertirían en la FIFA? Sí o No. Sin explicaciones. Sí o No.

@agomezhl @coachpassy La FIFA como organizador de los eventos si seguirá siendo sin fines de lucro, precisamente por eso es necesaria la filial con fines de lucro, el movimiento de dinero es inmenso y se necesita una empresa para hacerlo todo bien.

@coachpassy qué sentido tendría invertir en una organización sin fines de lucro?

@PacoDolfan @coachpassy La FIFA como organizador de los eventos si seguirá siendo sin fines de lucro, precisamente por eso es necesaria la filial con fines de lucro, el movimiento de dinero es inmenso y se necesita una empresa para hacerlo todo bien.

@coachpassy No se puede invertir en una organización sin fines de lucro, which is what FIFA is by the way.