FIFA President Gianni Infantino abandons plans to sell World Cup profits to private equity after facing pushback from major parts of the football world, according to multiple outlets. The proposal, described as divisive, is met with criticism from supporters and decision-makers across regions and football stakeholders. Reports say opposition comes from Europe and North America, with Asia’s governing body also joining the criticism. The decision follows additional scrutiny inside FIFA, including reporting that Infantino’s senior adviser, who sat on a White House panel, resigns amid the controversy. In response to the backlash, Infantino reverses the approach and abandons the effort to transfer or monetize World Cup profit streams through private equity. While details of the original plan are not consistent across coverage, the common account is that the proposal triggers broad resistance and that Infantino chooses to step back rather than proceed. The outlets characterise the move as a change of course prompted by coordinated opposition from football authorities and related figures.
Infantino drops plan to sell World Cup profits to private equity after widespread backlash
FIFA President Gianni Infantino abandons plans to sell World Cup profits to private equity after facing pushback from major parts of the football world, according to multiple outlets. The proposal, de...
- Gianni Infantino abandons a plan to sell World Cup profits to private equity.
- The decision follows widespread pushback from football stakeholders across regions.
- Opposition is reported from Europe and North America, and Asia’s soccer governing body also objects.
- Infantino’s senior adviser reportedly resigns after involvement in a White House panel.
- Multiple outlets describe the plan as divisive and the reversal as a response to the backlash.
FIFA President Gianni Infantino is abandoning his divisive plan to sell World Cup profits to private equity after receiving pushback from all corners of the soccer world. Infantino’s…
1 hour agoFIFA President Gianni Infantino is abandoning his divisive plan to sell World Cup profits to private equity after receiving pushback from all corners of the soccer world
1 hour agoGianni Infantino's decision came after his senior adviser who sat on a White House panel resigned and Asia's soccer body joined Europe and North America in opposing it
1 hour agoFIFA President Gianni Infantino is abandoning his divisive plan to sell World Cup profits to private equity after receiving pushback from all corners of the soccer world.
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