UEFA says it has 'lost confidence' in Infantino's leadership
UEFA said the abandoned $20 billion plan would have sold World Cup stakes to private investors and deepened concerns over FIFA leadership.
- UEFA announced Saturday it has lost confidence in FIFA President Gianni Infantino and will pursue a full review of his abandoned plan to sell World Cup stakes to private equity investors, stating 'no option should be off the table.'
- Infantino had proposed creating a $20 billion FIFA Future Enterprise to operate the World Cup with private investors, but backlash intensified when his senior adviser resigned and soccer bodies in Asia, Europe, and North America opposed the plan.
- On Friday, Infantino withdrew the FFE plan after UEFA voted Thursday to boycott FIFA if the proposal remained, with UEFA criticizing the effort as a 'shabby, back room, opaque deal' involving 'secret schemes' and 'fast track timescales.'
- UEFA expanded its rebuke Saturday, stating that 'the current FIFA leadership has not only lost UEFA's confidence but also that of many other members of the football family,' demanding accountability for those involved.
- Rather than private equity arrangements, UEFA proposes distributing resources through the existing FIFA Forward Programme, while noting Infantino broke 2016 promises to ensure FIFA money serves football development with transparency.
305 Articles
305 Articles
UEFA declared on Saturday that it had lost confidence in FIFA President Gianni Infantino and demanded that those responsible for the failed plan to sell a share of World Cup revenues be identified…
He has been praised by Putin, given Trump the Peace Medal and defended a dictatorship. Gianni Infantino's ten years as Fifa president have been marred by several controversies. But now his trust has been exhausted at Uefa. "We cannot continue in this way," the federation writes.
To successfully stop FIFA President Gianni Infantino’s plan to sell World Cup winnings to private investors was the first half of a high-risk game in world football politics. The second half began on Saturday and seems to be that the goal is to end Infantino’s presidency, which has been going on for a decade. “No option should be ruled out,” said the European football governing body, UEFA, whose president Aleksander Ceferin has led the fight aga…
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