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UEFA has warned FIFA that it will pursue legal and arbitration measures unless the governing body preserves evidence related to a proposed $4.2 billion private‑equity spin‑off of World Cup revenues. The plan, championed by FIFA president Gianni Infantino, has been abandoned after opposition from European football’s governing body and several continental confederations.
UEFA has warned FIFA that it will pursue litigation unless evidence surrounding a proposed stake in future World Cup profits is preserved, after a plan to sell the rights to private investors was abandoned amid global outrage.
Former U.S. Soccer president Carlos Cordeiro resigned amid worldwide criticism of a $20 billion private‑equity plan for World Cup revenues, raising questions about FIFA’s governance and Gianni Infantino’s future.
FIFA President Gianni Infantino's plan to create a $20 billion subsidiary for the organization's commercial businesses has sparked resignations, public opposition and threats of boycotts from key soccer bodies ahead of upcoming elections.
Carlos Cordeiro, a veteran soccer administrator, has stepped down from his advisory role to FIFA President Gianni Infantino after a proposed $4.2 billion sale of World Cup shares sparked opposition from key confederations and raised questions about the sport’s financial future.
European football’s governing bodies have united in a rare show of dissent, announcing that they will not take part in any FIFA‑sanctioned competitions as a protest against a controversial proposal to monetize the sport’s flagship tournaments.
Carlos Cordeiro, senior advisor to FIFA president Gianni Infantino, stepped down after opposing a proposal to create a $20‑billion subsidiary that would offer up to 20 % of its equity to external investors.
A coalition of European football nations and North American soccer bodies have announced a boycott of FIFA tournaments amid a brewing dispute over Gianni Infantino's plan to spin off FIFA's commercial operations into a private‑equity backed subsidiary.
European football’s governing body is poised to vote on a historic boycott of every FIFA competition, a move that would effectively shut European nations out of the sport’s global events.