GENEVA (AP) — UEFA has expressed a loss of confidence in FIFA President Gianni Infantino after a proposed plan to sell World Cup profits to private investors was abandoned. UEFA President Aleksander Čeferin stated that the current FIFA leadership has lost the confidence of UEFA and many other members of the football community. Infantino's proposal aimed to create a $20 billion company to manage the World Cup with private investors but faced significant backlash, leading to its withdrawal. The plan was scrapped after UEFA's 55 member nations agreed to boycott FIFA competitions, and other confederations, including North America’s CONCACAF and the Asian Football Confederation, opposed it. Infantino's senior adviser, Carlos Cordeiro, resigned in protest over the lack of transparency in the proposal. FIFA's chief operating officer, Kevin Lamour, criticized the project as being driven by Infantino alone and called for accountability among football leaders. This incident marks another controversial moment in Infantino's presidency, which has seen previous ambitious plans face criticism and ultimately fail.
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UEFA Expresses Loss of Confidence in FIFA President Gianni Infantino Following Failed Private Equity Proposal
UEFA has lost confidence in FIFA President Gianni Infantino following the withdrawal of a proposed $20 billion plan to sell World Cup profits to private investors. The proposal faced widespread opposition from various football confederations, leading to its abandonment and the resignation of Infantino's senior adviser. This incident adds to a series of controversial plans during Infantino's presidency.
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UEFA says it has lost confidence in FIFA’s Infantino after failed private equity plan for World Cup
UEFA Expresses Loss of Confidence in FIFA President Gianni Infantino Following Failed Private Equity Proposal