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FIFA crisis erupts over World Cup sale plan involving Trump-linked investors
๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco /Sports

FIFA crisis erupts over World Cup sale plan involving Trump-linked investors

From Hespress · () Arabic

Translated from Arabic, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Ongoing story
  • FIFA is facing a complex crisis over a plan to sell stakes in a new commercial company to investors close to former U.S. President Donald Trump.
  • The proposal has sparked unprecedented objections within the organization, leading to the resignation of a key advisor to FIFA President Gianni Infantino.
  • Critics argue the plan could compromise global football's future and increase investor influence, while FIFA maintains it aims to boost development funding and will only proceed with majority approval.

FIFA is embroiled in one of its most significant crises in years, triggered by a plan to establish a new commercial company that would include investors reportedly close to former U.S. President Donald Trump. This initiative has ignited widespread objections within the global football governing body, leading to the resignation of a prominent advisor to President Gianni Infantino and drawing warnings that the project could fundamentally alter the management of international football.

The escalating crisis presents a critical test for Infantino's leadership. Carlos Cordeiro, one of his closest advisors, resigned with immediate effect, denouncing the plan as a "bad deal for football" that jeopardizes the game's future without compelling justification. Despite internal dissent, FIFA insists it is continuing consultations with national federations, stating that any final decision requires majority approval.

The proposed venture, tentatively named "FIFA Forward Enterprise," aims to manage the commercial rights for the World Cup and other FIFA tournaments. The plan involves selling up to 20 percent of the company's shares to private investors, valuing the entity at approximately $20 billion. FIFA hopes to raise over $4 billion to expand its football development resources.

FIFA's rationale is that this project will enable it to double funding for national federations in the coming years, potentially increasing development program financing to $10 billion over four years. Individual federations could receive up to $20 million, and regular funding allocations would rise from $8 million to $20 million per cycle. However, these financial promises have not quelled opposition.

Further criticism came from within FIFA itself, with Kevin Lamour, the organization's Chief Operating Officer, directly challenging Infantino. Lamour described the project as a "one-man initiative," accusing the president of misleading staff and stressing that FIFA's mission is to serve global football, not personal interests. This internal critique highlights a significant division within FIFA's leadership.

DistantNews Editorial

Originally published by Hespress in Arabic. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.