UEFA says it’s lost confidence in FIFA’s Infantino after failed private equity plan
Summary
UEFA, the main European soccer organization, says it no longer trusts FIFA President Gianni Infantino after he canceled a plan to sell parts of the World Cup to private investors. UEFA said it will look into the plan closely and consider all options to find out who is responsible.Key Facts
- FIFA President Gianni Infantino proposed selling stakes of the World Cup to private equity investors.
- The plan was valued at $20 billion and would create a company to manage the World Cup.
- The proposal faced increasing opposition from Europe, North America, and Asia’s soccer organizations.
- Infantino canceled the plan after his senior adviser resigned due to the controversy.
- UEFA announced it has lost confidence in Infantino’s leadership.
- UEFA said it will conduct a full review of the abandoned private equity plan.
- UEFA stated it wants to hold those responsible accountable.
- The controversy involved concerns about the management and control of the World Cup.
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