Explainer · prototype

FIFA's failed plan to sell World Cup profits to private equity

FIFA President Gianni Infantino proposed selling stakes in future World Cup revenues to private equity investors, a plan intended to raise funds for global football development. The proposal triggered widespread opposition, including threatened boycotts from UEFA member federations, rejection by North American and Asian football bodies, the resignation of a senior FIFA adviser, and open dissent from FIFA's own senior staff, who said they had been deceived. Infantino has now abandoned the plan, saying he will not proceed with it. In the aftermath, two top FIFA executives, Arsène Wenger and Mattias Grafström, have publicly distanced themselves from the initiative.

0 developments · Jul 31 → Aug 4