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FIFA advisor Carlos Cordeiro resigns over investment plan dispute

From El Nacional · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Outcome reported
  • Carlos Cordeiro, an advisor to FIFA, resigned due to disagreements with President Gianni Infantino's plan to create a subsidiary with external investment.
  • Cordeiro believes the plan to sell 20% of shares for $4.2 billion is a "bad deal for the long-term future of the sport."
  • His resignation follows internal opposition from UEFA, Concacaf, and AFC, and he criticized the rushed decision-making process.

FIFA's management under Gianni Infantino faced a significant setback as advisor Carlos Cordeiro announced his resignation, citing fundamental disagreements over a proposed plan to establish a subsidiary company funded by external investment for football development, including the 2026 World Cup.

Cordeiro, who previously assisted Infantino with the 2026 World Cup structure, deemed the initiative a "bad deal for the long-term future of this sport." The core of the dispute lies in the plan to create a separate entity to manage commercial operations and the World Cup, selling a 20% stake to private investors for $4.2 billion. Cordeiro argued that FIFA possesses sufficient resources and that selling off a portion of its primary asset would "mortgage the future of football" without adequate justification.

bad deal for the long-term future of this sport

— Carlos CordeiroHis assessment of FIFA's plan to create a subsidiary with external investment for football development.

This move by Cordeiro escalates internal dissent, as organizations like UEFA, Concacaf, and the AFC had already expressed strong opposition, with UEFA even threatening non-participation in FIFA competitions. Cordeiro also criticized the compressed 50-day timeline given to the 211 federations to decide on such a monumental measure, emphasizing that the organization's priority should not solely be maximizing commercial profits.

mortgage the future of football

— Carlos CordeiroHis criticism of selling FIFA's assets without real justification.
DistantNews Editorial

Originally published by El Nacional in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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