FIFA COO Lamour says staff deceived over Infantino’s World Cup plan
Summary
FIFA’s chief operating officer Kevin Lamour said the organization’s staff were misled by President Gianni Infantino’s plan to sell future World Cup profits to private investors, and Lamour suggested the plan should be stopped. A senior adviser to Infantino also resigned in protest, saying the deal is bad for football and was developed without proper consultation.Key Facts
- FIFA President Gianni Infantino proposed selling stakes in future World Cup profits to private equity funds.
- This plan involves creating a $20 billion commercial company, with 20% owned by private investors.
- Kevin Lamour, FIFA’s chief operating officer, said staff were “deceived” and the project is the work of one person only.
- Lamour said FIFA staff deserve better treatment and may risk losing his job by speaking out.
- Carlos Cordeiro, Infantino’s senior adviser and former US Soccer Federation president, resigned over the plan.
- Cordeiro opposed the proposal, calling it “a bad deal for football” and said it risks the future of the sport.
- FIFA already holds billions of dollars in reserves and made $15 billion in revenue over the last four years from World Cups.
- The lead private investor is linked to a fund from Joshua Kushner, brother-in-law to President Trump’s son-in-law Jared Kushner.
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