FIFA investors: 'An opportunity, but not an obligation,' defends Infantino

FIFA President Gianni Infantino is defending his controversial proposal to create a commercial entity open to private investors, a move aimed at increasing football's revenue streams. The plan has drawn significant criticism from various football bodies, including UEFA and the French and English Football Federations.

Infantino addressed the backlash, stating that the project is "an opportunity, not an obligation" and marks the beginning of a consultation process. He presented the proposal as a way to ensure a larger share of football's growing commercial value reaches the stakeholders who need it most. "This is a golden opportunity to boost the development of the sport worldwide," he said in a video released by FIFA.

However, prominent organizations have voiced strong concerns. The French Football Federation expressed "very strong concerns" about selling parts of the World Cup to external investors. The UK Prime Minister, Andy Burnham, and the European Union have also opposed the plan, with Brussels noting that "the rampant commercialization of football has become harmful."

Despite the criticism, Infantino reiterated promises made in a statement that revealed the project. He suggested that the involvement of private investors could potentially distribute around $20 million to each of FIFA's 211 member federations on a voluntary basis. "We want to help make the next Cape Verde emerge," Infantino stated, referencing the potential for developing football in smaller nations.

The plan, which reportedly involves selling stakes in the World Cup, has surprised some football stakeholders who claim they were not consulted. Infantino's defense positions the initiative as a democratic process and a chance to inject much-needed funds into global football development, while critics fear it could lead to excessive commercialization and disrupt the sport's existing balance.