Japan’s SoftBank is part of an international consortium behind a radical $25bn plan to create global football tournaments for Fifa, the international governing body of the sport.
The group includes investors from China, Saudi Arabia, the US and the United Arab Emirates, according to people with knowledge of the offer, which is designed to reshape the world’s most popular sport. The identity of those investors could not be learnt.
The move comes as Fifa seeks to secure its financial future in the wake of corruption and bribery scandal that has plunged it into crisis in recent years.
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