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SoftBank joins consortium of investors for $25-billion FIFA plan: Report

The report said FIFA would have a 51% stake in the venture


The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo. (Photo: Reuters)

Japanese conglomerate Group is part of a consortium of investors that are planning a $25 billion move to create tournaments for soccer's governing body FIFA, the Financial Times has reported.

The report said the group, which includes investors from the United States, Saudi Arabia and China, were discussing proposals to expand the along with the creation of a new league competition for national teams.

The is an annual competition that sees seven clubs, usually, winners of their continental tournaments, compete in a knock-out event. Spain's Real Madrid have won three of the last four editions.

The report said would have a 51 per cent stake in the venture.

declined to comment on the report.

The New York Times reported this week that President told his top board last month that a fund of investors from the Middle East and Asia wanted to pay about $25 billion to buy an expanded version of the as well as the rights to a proposed global league for national teams.

First Published: Thu, April 12 2018. 15:06 IST