FIFA: From Small Association to Global Cash Machine
Translated from French, summarized and contextualized by DistantNews.
At a glance
- FIFA has transformed from a small association into a multinational corporation generating billions, according to researcher Carole Gomez.
- This shift contrasts with the organization's non-profit origins and current president Gianni Infantino's controversial plans for private capital.
- The change reflects a pursuit of profit at all costs.
FIFA has undergone a dramatic transformation, evolving from a modest association operating from a small office into a global multinational corporation with billions in revenue. Researcher Carole Gomez highlights this significant shift, noting that the organization's current status is a far cry from its origins as a non-profit entity.
This evolution stands in stark contrast to the initial ethos of FIFA. Gomez points out that the organization was once a non-profit association, fundamentally different from the current direction championed by its controversial president, Gianni Infantino. His projects involve opening the organization to private capital, a move that signals a departure from its past.
Fifa is moving from a small association created in the back room of a building to a multinational corporation that generates billions.
The shift signifies a move towards prioritizing profit above all else. According to Gomez, FIFA's current trajectory is characterized by a relentless pursuit of financial gain, a stark departure from its earlier mission. This focus on profit generation has reshaped the organization's identity and operations.
Before being a huge 'cash machine,' the world football organization was a non-profit association, the opposite of the projects for opening up to private capital of its controversial president Gianni Infantino.
Originally published by Libรฉration in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.