Asian soccer body joins opposition to FIFA and Infantino’s World Cup private equity plan
Summary
Asia’s main soccer organization, the Asian Football Confederation (AFC), opposed FIFA President Gianni Infantino’s plan to let private investors buy shares in the World Cup. The AFC joined other groups from Europe and North America in rejecting the plan and called on FIFA to review how it makes decisions.Key Facts
- The Asian Football Confederation opposes FIFA’s plan for private equity investment in the World Cup.
- FIFA President Gianni Infantino proposed creating a $20 billion commercial group for FIFA events.
- The plan is backed by investor Joshua Kushner from New York.
- AFC supports UEFA (Europe) and CONCACAF (North America), who also oppose the plan.
- UEFA threatened to boycott FIFA competitions over this issue.
- CONCACAF rejected an offer of $20 million given to each member federation by Infantino.
- AFC says the plan lacks broad agreement and unity among soccer organizations.
- AFC calls for an urgent review of FIFA’s governance and decision-making process.
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