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FIFA working with UBS to raise up to $2 billion, Bloomberg News reports

Reuters
Updated ·1-min read
A long exposure shows FIFA's logo near its headquarters in Zurich

(Reuters) -Soccer governing body FIFA is seeking to raise up to $2 billion to expand its streaming service and a formal process is expected to kick off next month, Bloomberg News reported on Thursday.

The international body is working with UBS Group AG for the fund-raise that is expected to target financial investors in the United States and Middle East, the report said, citing people with knowledge of the matter.

The investment would be for a minority stake in FIFA+, according to the report. FIFA+ was launched in 2022 as a free ad-supported service to live stream soccer matches.

FIFA and UBS declined to respond to Reuters requests for comments.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Vijay Kishore)