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FIFA President's Plan for World Cup Stake Sale Could Have Earned Him €30 Million Annually
🇬🇷 Greece /Sports

FIFA President's Plan for World Cup Stake Sale Could Have Earned Him €30 Million Annually

From Ta Nea · () Greek

Translated from Greek, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • FIFA President Gianni Infantino proposed selling a 20% stake in World Cup events to private investors, a move met with strong opposition from UEFA and other confederations.
  • The plan was ultimately abandoned, but new revelations suggest it could have led to a massive increase in Infantino's personal earnings.
  • Reports indicate Infantino's annual salary could have jumped from approximately €3 million to nearly €30 million, plus bonuses, if the plan had proceeded.

A controversial proposal by FIFA President Gianni Infantino to sell a 20% stake in World Cup events to private investors has resurfaced, revealing potentially massive financial implications for the FIFA chief.

The plan faced significant backlash from global football bodies, with UEFA vehemently opposing it and threatening a boycott. Other confederations, including Concacaf, also adopted a negative stance. The resignation of Carlos Cordeiro, a senior advisor to Infantino, further complicated the effort to push the proposal forward.

Although the plan was ultimately shelved, new details suggest that if it had been implemented, Infantino's personal income could have soared. While Infantino had stated the initiative was not intended for his personal financial gain, reports from The Times indicate otherwise.

According to these reports, Infantino's annual earnings could have escalated dramatically. His base salary, currently around €3 million, might have increased to nearly €30 million annually, before any additional bonuses. This potential financial windfall has intensified criticism surrounding FIFA's governance model and the decisions made by its president.

This situation has fueled further scrutiny of FIFA's financial dealings and leadership under Infantino, raising questions about transparency and the distribution of revenue within the organization.

Gianni Infantino’s plan was to be the commissioner of the FIFA Forward Enterprise after his Presidency. His basic salary would have been $30 MILLION annually BEFORE any bonuses.

— Madrid Zone (via Twitter)Reporting on the potential financial implications of Infantino's shelved proposal.
DistantNews Editorial

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.