Sports executive amid FIFA investment backlash
Fifa's proposals to sell stakes in World Cup rights to private investors have triggered a backlash from European football bodies and key advisers. A resignation amid the controversy underscores widespread opposition and questions about governance. Leaders warn the World Cup should remain in football hands as the debate continues.
FIFA has faced backlash over a proposed $20bn commercial subsidiary to run its events, prompting UEFA to threaten a boycott and prompting other confederations to voice concerns. Infantino’s plan risks fracturing global football; some bodies seek governance reforms.
Senior FIFA adviser Carlos Cordeiro has resigned, arguing that FIFA’s plan to sell up to 20% of a new entity that would run World Cups and other events is a bad deal for football. The resignation comes amid backlash from UEFA, Concacaf and the AFC, who say the process lacks transparency and could reshape football’s future.
FIFA has scrapped the Forward Enterprises plan after mounting opposition from UEFA, CONCACAF, AFC and member associations. Infantino’s private venture faced resignations and internal criticism, leading FIFA to terminate the project and reaffirm a commitment to open consultation.
Infantino has scrapped a plan to sell stakes in World Cup events after strong opposition from UEFA, AFC and Concacaf. Senior advisers have resigned, and critics say the move undermines FIFA’s leadership. The push now shifts to whether Infantino can survive his presidency amid looming calls for reform.
FIFA has scrapped its $20 billion private-equity plan to spin off commercial operations after boycotts and resignations from key figures. UEFA and other confederations have condemned the move, stressing governance and integrity in football.
FIFA has scrapped its plan to sell a minority stake in World Cup assets after broad, global backlash. UEFA and other confederations had threatened boycotts and demand reforms. The leadership faces renewed scrutiny as talks to rebuild trust begin.
FIFA President Gianni Infantino has seen European and several other confederations pull back support after the aborted Forward Enterprise plan to privatise parts of the World Cup, amid varied backing from South American and African bodies.
Arsène Wenger has stated the withdrawal of FIFA’s investment plan is absolutely necessary, while Grafström and other European bodies question Infantino’s leadership. The plan’s abandonment follows heavy criticism and a loss of confidence among European federations, with ongoing questions about FIFA’s governance and the future of its competitions.
FIFA has withdrawn a plan to privatise parts of the World Cup after widespread condemnation from UEFA and others. Infantino’s leadership is under intense scrutiny as allies distance themselves and potential successors emerge.
The Norwegian Football Federation has called for Gianni Infantino to resign amid fallout from his bid to privatize the World Cup via the FIFA Forward Enterprise. UEFA maintains its boycott threat and several European federations have withdrawn support as Infantino seeks re-election next March.