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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


Japanese conglomerate SoftBank Group is part of a consortium of investors that are planning a $25 billion move to create international 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 Club World Cup along with the creation of a new league competition for national teams. The Club World Cup is an annual competition that sees seven clubs, usually, winners of their continental tournaments, compete in a knock-out ...

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