FIFA cancels proposed World Cup investor plans following backlash related to its approach and to FIFA President Gianni Infantino, according to multiple reports. The Asian Football Confederation (AFC) responds to the fallout by saying FIFA’s future must be shaped through “proper consultation.” The investor proposal would have involved selling minority stakes in a planned company that would oversee FIFA’s commercial rights and tournament operations for the World Cup. The plan faced opposition from other confederations as well. European football’s governing body UEFA and the CONCACAF federation for North and Central America and the Caribbean also rejected the proposal, joining the AFC in criticizing the plan. Yahoo Sports reports that the AFC welcomes FIFA’s decision to drop the investor plans, describing the outcome as a defeat for Infantino amid the backlash. Across the coverage, the central point is that FIFA ends the minority-investment scheme tied to World Cup commercial and operational control, while the AFC calls for more inclusive consultation in determining FIFA’s next steps.
AFC reacts as FIFA scraps proposed World Cup investor plans
FIFA cancels proposed World Cup investor plans following backlash related to its approach and to FIFA President Gianni Infantino, according to multiple reports. The Asian Football Confederation (AFC)...
- FIFA scraps proposed plans involving private investor participation in a World Cup commercial/operations structure.
- The proposal involved selling minority stakes in a planned company overseeing FIFA’s World Cup commercial rights and tournament operations.
- The AFC responds that FIFA’s future should be shaped through proper consultation.
- UEFA and CONCACAF also reject the investor plans alongside the AFC.
- The decision follows backlash against FIFA and its president, Gianni Infantino.
The Asian Football Confederation (AFC) has welcomed the decision by FIFA to scrap World Cup investor plans after fierce backlash against the ruling body and its president, Gianni Infantino. The AFC had joined Europe's UEFA and the CONCACAF confederation for North and Central America and the Caribbean in rejecting the FIFA plans to sell minority stakes in a planned company overseeing its commercial rights and tournament operations to private investors.
3 hours agoAsian Football Confederation says FIFA future must be 'shaped through proper consultation' after World Cup plan fallout.
5 hours ago
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