FIFA World Cup plan fallout: Infantino’s senior adviser, Cordeiro, resigns
Summary
Carlos Cordeiro, senior adviser to FIFA President Gianni Infantino, resigned immediately to protest FIFA’s plan to sell part of its World Cup events to private investors. He said the plan is harmful to football and unnecessary because FIFA has enough money and no debt.Key Facts
- FIFA plans to create a $20 billion company to manage the World Cup and other events.
- FIFA wants to sell up to 20% ownership of this company to outside investors to raise $4.2 billion.
- Cordeiro opposed the plan and said he was not involved in creating it.
- He described the deal as bad for FIFA’s member countries and the future of football.
- FIFA currently has no debt and billions in reserves.
- Cordeiro used to work in banking and served as vice president of US Soccer.
- FIFA’s member associations must decide on the plan by September 19.
- President Infantino said associations risk missing out if they do not accept the proposal.
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