FIFA official resigns in protest of World Cup investment plan
Summary
FIFA President Gianni Infantino is facing criticism and protest over a new plan to bring private investors into World Cup operations, called the FIFA Forward Enterprise (FFE), which could raise up to $20 billion. A senior adviser to Infantino resigned, and several soccer governing bodies including the Asian Football Confederation, UEFA, and CONCACAF expressed strong concerns about the plan and the way it was proposed.Key Facts
- FIFA plans to create a new commercial subsidiary called FIFA Forward Enterprise (FFE) to bring in private investment up to $20 billion.
- The FFE would be 20% owned by private investors, with the main investor being a New York firm linked to Joshua Kushner, Jared Kushner’s brother.
- The plan has been criticized by important soccer groups in Europe (UEFA), Asia (AFC), and North America (CONCACAF).
- CONCACAF and others are concerned about the short deadline, lack of proper approval, and question the need for investment after the recent very successful World Cup.
- Carlos Cordeiro, a senior adviser to Infantino and former U.S. Soccer Federation president, resigned in protest, saying he was not involved and opposes selling part of the World Cup.
- FIFA denies it is selling football and says it will continue consulting members for their opinions on the plan.
- The successful 2026 World Cup was hosted by the U.S., Mexico, and Canada, with Spain winning the tournament.
- The controversy includes connections to President Donald Trump’s family through Jared and Joshua Kushner.
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