Since becoming FIFA president, however, he has pushed harder and faster than any of his predecessors for world soccer’s governing body to get a slice of the riches available in the club game. That setback led FIFA to change its approach. It first sought approval for the quadrennial club world championship, and scrapped an idea for a national team league, before saying it would go to market with the event. But for the past months, it has held talks with CVC Capital Partners, the former majority owner of the Formula One racing series. CVC, one of the world’s largest private-equity firms, also has significant investments in sports like rugby and motorcycle racing.

Source: International New York Times December 12, 2019 22:01 UTC