{"id":972765,"date":"2026-08-01T04:25:17","date_gmt":"2026-08-01T04:25:17","guid":{"rendered":"https:\/\/www.europesays.com\/us\/972765\/"},"modified":"2026-08-01T04:25:17","modified_gmt":"2026-08-01T04:25:17","slug":"fifas-infantino-scraps-controversial-world-cup-private-investment-plan-world-cup-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/972765\/","title":{"rendered":"FIFA\u2019s Infantino scraps controversial World Cup private investment plan | World Cup News"},"content":{"rendered":"<p>World football\u2019s governing body, FIFA, has said it will not proceed with its proposal to sell a piece of its business empire to outside investors after the project \u2060was met with fierce resistance from some of its member associations.<\/p>\n<p>FIFA\u2019s plan was to raise up to $4.2bn by selling about a 20 percent stake in a new unit that would run FIFA events including the \u200cWorld Cup, valuing it at $20bn.<\/p>\n<p>Recommended Stories list of 4 itemsend of list<\/p>\n<p>The proposal, first announced on Tuesday, was strongly opposed by European football\u2019s governing body, UEFA, which <a href=\"https:\/\/www.aljazeera.com\/sports\/2026\/7\/31\/fifas-infantino-and-uefa-divided-on-world-cup-investment-plan-what-next\" rel=\"nofollow noopener\" target=\"_blank\">voted on Thursday to boycott FIFA competitions.<\/a><\/p>\n<p>In a statement, UEFA said that it was \u201cirresponsible and indefensible that a proposal of such significance for football was conceived in secret\u201d.<\/p>\n<p>The Switzerland-based organisation\u2019s statement also accused FIFA of putting the sport\u2019s \u201csoul\u201d up for sale.<\/p>\n<p>\u201cHaving listened carefully to all the views, it has become clear that the project has created divisions of a nature \u2060that, regardless of the level of support, are \u2060no longer in the interest of the objective set out in the first place,\u201d FIFA President Gianni Infantino said in a statement late on Friday evening.<\/p>\n<p>\u201cOur purpose has always been \u2013 and will \u2060always be \u2013 to unite and improve. As a result, this proposal will not proceed.\u201d<\/p>\n<p>Earlier on Friday, \u2060Infantino\u2019s senior adviser <a href=\"https:\/\/www.aljazeera.com\/sports\/2026\/7\/31\/infantinos-senior-adviser-cordeiro-resigns-over-fifa-world-cup-plan\" rel=\"nofollow noopener\" target=\"_blank\">Carlos Cordeiro resigned<\/a> with \u2060immediate effect, calling the plan \u201ca bad deal for football\u201d.<\/p>\n<p>FIFA\u2019s Chief Operating Officer Kevin Lamour said staff were <a href=\"https:\/\/www.aljazeera.com\/sports\/2026\/7\/31\/fifas-lamour-says-staff-deceived-over-infantinos-world-cup-sell-off-plan\" rel=\"nofollow noopener\" target=\"_blank\">\u201cdeceived\u201d by Infantino<\/a>, describing the proposal as a \u201cproject of one person\u201d.<\/p>\n<p>British Prime \u200cMinister Andy Burnham, meanwhile, told reporters on Friday that Infantino was \u201cthe wrong man to lead the organisation\u201d.<\/p>\n<p>What now for FIFA President Infantino?<\/p>\n<p>The nature of the backlash towards FIFA\u2019s plans immediately raised doubts about Infantino\u2019s position.<\/p>\n<p>The 56-year-old, who was born in Switzerland to Italian parents, was already under pressure due to his perceived relationship with United States President Donald Trump during the 2026 World Cup.<\/p>\n<p>Trump revealed that he called Infantino about a red card shown to USA star Folarin Balogun, which was thereafter suspended for a year, and the forward was free to play in his country\u2019s next World Cup match.<\/p>\n<p>The expectation for FIFA\u2019s private investment scheme was that Joshua Kushner, the founder of Thrive Capital, would lead the proposed venture capital group via a fund called Thrive Eternal.<\/p>\n<p>Joshua is the brother of Jared Kushner, son-in-law of President Trump.<\/p>\n<p>President Trump \u2060said on Friday at Camp David that he \u200cdid not speak with Infantino about FIFA offering \u2060stakes to \u2060external investors.<\/p>\n<p>Infantino is due to stand for re-election for a final term through 2031, and was expected to be unopposed following the overall success of the recent World Cup, which was cohosted by the US, Canada and Mexico.<\/p>\n<p>The fallout from FIFA\u2019s proposal, however, has resulted in questions, albeit not fully overt, about Infantino\u2019s role.<\/p>\n<p>Are there realistic contenders to challenge Infantino\u2019s presidency of FIFA?<\/p>\n<p>The Asian Football Confederation (AFC) had been a key ally for Infantino in his 11-year presidency, but in their statement of opposition to the private investment plans came the recommendation that FIFA must urgently review its management style.<\/p>\n<p>\u201c[The plans] exposed fundamental weaknesses in FIFA\u2019s consultation and decision-making processes that must now be addressed,\u201d said the statement from the AFC.<\/p>\n<p>\u201cAccordingly, the AFC calls upon FIFA to undertake an urgent review of its governance and decision-making framework\u201d.<\/p>\n<p>Sheikh Salman bin Ebrahim Al Khalifa, the AFC\u2019s longtime president, narrowly lost the FIFA presidential election to Infantino in 2016.<\/p>\n<p>The Bahraini said in his own statement on Thursday that FIFA\u2019s plans were \u201ctotally unacceptable\u201d.<\/p>\n<p>His statement added, \u201cFIFA\u2019s unilateral actions appear to undermine the very foundations of continental football, which are based on solidarity, cooperation and transparency.\u201d<\/p>\n<p>North American \u200cfootball chief Victor Montagliani, meanwhile, has been linked with a move to \u2060challenge \u2060Infantino for the FIFA presidency in next March\u2019s election.<\/p>\n<p>Infantino said in April he \u200cwould seek a fourth term as FIFA president, with the election scheduled to take place in Morocco on March 18 next year.<\/p>\n<p>The deadline for potential candidates to declare in a presidential vote of the 211 members is November 18.<\/p>\n","protected":false},"excerpt":{"rendered":"World football\u2019s governing body, FIFA, has said it will not proceed with its proposal to sell a piece&hellip;\n","protected":false},"author":3,"featured_media":972766,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[45],"tags":[440,1318,50,221,1926,62,376,67,132,68,72,21490],"class_list":["post-972765","post","type-post","status-publish","format-standard","has-post-thumbnail","category-soccer","tag-europe","tag-football","tag-news","tag-soccer","tag-sport","tag-sports","tag-united-kingdom","tag-united-states","tag-unitedstates","tag-us","tag-us-canada","tag-world-cup"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/117018357005673525","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/972765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=972765"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/972765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/972766"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=972765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=972765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=972765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}