FIFA withdraws investment project as Infantino faces internal rebellion
FIFA withdraws investment project as Infantino loses confederation support and key advisers.
Event / Sports
Ongoing controversy surrounding FIFA's governance, including the withdrawal of a privatization project and leadership challenges, with multiple stakeholders expressing concerns about organizational direction and management.
2026-08-13 to 2026-11-10 · UTC publication dates
Coverage begins 31 Jul, 01:18 UTC
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Four European national football federations—Finland, Wales, Serbia, and Sweden—withdrew their support for FIFA President Gianni Infantino, who is currently the sole declared candidate for re-election at the FIFA presidential election scheduled for March 2027 in Rabat.
FIFA Secretary General Mattias Grafström sent an email to FIFA staff expressing regret about a series of unfortunate and condemnable events that ultimately led to the permanent abandonment of the private investor project.
FIFA withdrew its proposed project to open the organization to private investors. The project, which would have created an external company to manage FIFA's commercial activities and tournaments like the World Cup with private investor involvement, was presented on Tuesday and withdrawn between Friday and Saturday night following opposition from multiple football stakeholders including the UEFA.
Arsène Wenger, FIFA's current Director of Global Football Development and technical adviser to IFAB, stated on Tuesday that the withdrawal of the private investor project was absolutely necessary. He expressed firm belief in an independent FIFA serving football with commitment, transparency, and integrity.
Carlos Cordeiro, chief adviser to FIFA President Gianni Infantino, resigned on Friday stating categorical opposition to Infantino's private investor project.
Carlos Cordeiro, Gianni Infantino's principal adviser, recently resigned, weakening Infantino's position ahead of the private investment proposal controversy.
CONCACAF, the confederation of 41 football federations from North America, Central America, and the Caribbean, rejected FIFA's proposal to create a private investment structure.
The Asian Football Confederation (AFC) stated that the FIFA private investment plan could not achieve the broad consensus and unity necessary to move forward, joining other confederations in opposition.
FIFA President Gianni Infantino announced the abandonment of a proposed FIFA Forward Enterprise (FFE) structure that would have opened the organization to private investors. The decision came after widespread opposition from football confederations, particularly UEFA, which threatened to boycott all FIFA competitions including the World Cup if the plan proceeded.
The FIFA Forward Enterprise structure would have sold up to 20 percent equity stakes to private investors to raise up to $4.2 billion, with the goal of increasing football development funding to $10 billion over four years. Each of FIFA's 211 member federations would have received $20 million in early 2027 and increased annual allocations from $8 million to $20 million for 2027-2030.
UEFA, representing 55 European football federations including seven of the last ten World Cup champions, unanimously threatened to boycott future FIFA competitions, including the World Cup, if the FIFA private investment plan was not abandoned.
FIFA President Gianni Infantino announced on Friday that FIFA is scrapping its proposed FIFA Forward Enterprise (FFE) plan to sell a 20% stake in the World Cup to private investors. The decision came after fierce opposition from multiple regional soccer confederations, including UEFA, CONCACAF, and the Asian Football Confederation, with UEFA threatening a boycott of all FIFA competitions if the proposal proceeded.
Thrive Eternal, an investment firm owned by Joshua Kushner (brother of President Trump's son-in-law Jared Kushner), was expected to lead the proposed investor group for the FIFA Forward Enterprise. A representative from Thrive Capital (parent company of Thrive Eternal) stated that Joshua Kushner had no political roles or involvement with the Trump administration and that the criticism was unjustified.
The FIFA Forward Enterprise was a proposed venture that would have valued the World Cup commercial rights and event operations company at $20 billion. Under the plan, FIFA would retain 80% ownership while selling 20% to private investors, with an estimated $4.2 billion to be raised from investors. FIFA member associations were projected to receive increased FIFA Forward Funding from $8 million to approximately $20 million per four-year cycle under the arrangement.
The Confederation of North, Central American and Caribbean Association Football (CONCACAF), representing 41 member nations, rejected FIFA's privatization proposal. CONCACAF questioned the need for private equity investment to fund FIFA Forward programs, noting that the most recent World Cup had been the most profitable in history.
UEFA, representing 55 European national soccer teams, announced Thursday that its members had agreed to boycott all FIFA competitions, including the World Cup, if the privatization proposal proceeded. UEFA stated that the World Cup cannot be treated as an investment product and is one of football's greatest sporting legacies, declaring 'The World Cup is not for sale.'
The Asian Football Confederation released a statement expressing serious concerns over FIFA's proposal to introduce private investment into FIFA's flagship competitions. While not explicitly threatening a boycott like UEFA, the confederation stated it stood in solidarity with UEFA and CONCACAF in their opposition to the plan.
During the 2026 World Cup, FIFA overturned the suspension of U.S. striker Folarin Balogun just one day before a match against Belgium. Balogun had received a red card during an earlier knockout game against Bosnia and Herzegovina. President Trump stated he had personally asked Infantino to review the red card, claiming he did not think it was a foul, though he noted he could not tell Infantino what to do.
Carlos Cordeiro, FIFA President Gianni Infantino's senior adviser and former U.S. Soccer Federation president, resigned on Friday in opposition to the World Cup privatization proposal. Cordeiro stated he could not stand by while FIFA considered selling a stake in the World Cup and called the deal bad for FIFA's member associations, football, and the long-term future of the game.
U.S. Soccer, a member of CONCACAF, stated its opposition to FIFA's plan in a post on social media on Thursday, standing with the confederation and its members against the privatization proposal.
FIFA withdraws investment project as Infantino loses confederation support and key advisers.
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