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.