FIFA backs Infantino but apologises over World Cup investment plan
Summary
FIFA's leadership confirmed full support for president Gianni Infantino but apologized for mishandling the plan to allow private investment in the World Cup, which was dropped after strong opposition. The proposed plan aimed to raise billions and increase funding for member associations but led to backlash including threats of a boycott by UEFA.Key Facts
- FIFA planned to create a new commercial unit called FIFA Forward Enterprise (FFE) to manage events like the World Cup.
- The plan estimated raising $4.2 billion based on a $20 billion valuation of the new entity.
- If approved, each of FIFA’s 211 member associations would receive $20 million in early 2027 and increased funding through 2030.
- The proposal leaked before full approval and caused strong criticism from football groups, especially UEFA.
- Due to the backlash, Infantino withdrew the plan last Saturday.
- FIFA leaders apologized for mistakes in handling the plan and the leak to the media.
- A review of the process will be done and reported to FIFA’s council.
- The FFE proposal is now officially off the table.
- FIFA reaffirmed support for President Infantino as the elected leader of the 211 member associations.
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