UEFA says it has lost confidence in FIFA leadership after investment plan
Summary
UEFA, the main European soccer organization, has lost trust in FIFA's leadership after FIFA's president, Gianni Infantino, proposed a plan to sell World Cup profits to private investors. After opposition from UEFA, other soccer groups, and internal FIFA staff, Infantino had to cancel the plan, leading to calls for a review of FIFA's leadership and future.Key Facts
- FIFA President Gianni Infantino tried to create a $20 billion company to run World Cup events with private investors.
- UEFA and other soccer confederations, including North America and Asia, opposed the plan.
- Infantino’s senior adviser, Carlos Cordeiro, resigned and urged others at FIFA to speak out against the plan.
- FIFA’s chief operating officer said staff felt misled by Infantino and stated the project must not continue.
- UEFA called for accountability and said it lost confidence in current FIFA leadership.
- The proposed investment plan included 20% ownership by private investors, anchored by a New York firm linked to Joshua Kushner, brother-in-law of President Donald Trump’s son-in-law.
- This is the third controversial plan by Infantino, following rejected proposals in 2018 and 2021.
- UEFA is now working with its members and other confederations to prevent similar issues in the future with a deadline for decisions set for November 18.
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