Apr 12, 2018

SoftBank wants to disrupt FIFA with $25 billion investment

An official FIFA soccer ball

An Adidas Telstar match ball, the official ball of FIFA 2018 Russia World Cup. Photo: Matthew Ashton/AMA via Getty Images

Japan's SoftBank wants to team up with a global set of investors to create a new soccer tournament for FIFA worth at least $25 billion and featuring top clubs from around the world, reports the Financial Times.

Why it matters: SoftBank would extend its influence into the lucrative sports industry with this investment while FIFA could add another large revenue source — despite facing deepening corruption scandals over the last few years.

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