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FIFA scraps investor plans for World Cup after widespread backlash
๐Ÿ‡ณ๐Ÿ‡ด Norway /Sports

FIFA scraps investor plans for World Cup after widespread backlash

From Aftenposten · () Norwegian

Translated from Norwegian, summarized and contextualized by DistantNews.

At a glance

News From a news agency Outcome reported
  • FIFA has decided to scrap plans to sell stakes in the World Cup to private investors following significant opposition.
  • FIFA President Gianni Infantino stated that the project had become divisive and was no longer aligned with its original goals.
  • The decision came after strong reactions from UEFA, its member federations, and even FIFA employees, with some criticizing a lack of transparency.

FIFA has abandoned its controversial plans to sell stakes in the World Cup to private investors, succumbing to widespread opposition. The decision was announced early Saturday morning, marking a significant reversal for the global football governing body.

After listening carefully to all viewpoints, it has become clear that the project has created divisions of a kind that, regardless of the level of support, are no longer in the interest of the goal that was set in the first place.

โ€” Gianni InfantinoExplaining FIFA's decision to scrap plans to sell stakes in the World Cup.

FIFA President Gianni Infantino explained the U-turn, stating that the project had created divisions that were counterproductive to its intended purpose. "After listening carefully to all viewpoints, it has become clear that the project has created divisions of a kind that, regardless of the level of support, are no longer in the interest of the goal that was set in the first place," Infantino said in a statement to Sky News.

This crosses a line that football's governing bodies should never cross.

โ€” UEFAUEFA's strong reaction against FIFA's investor plans.

He added that FIFA's aim has always been to unite and improve the sport. "As a result of this, this proposal will not move forward. Going forward, my intention is to bring all interested parties together again in the coming days and weeks in a spirit of common interest for our sport, and with the aim of continuing to develop football everywhere, and especially in the countries that need our support the most."

This is one man's project. The employees were misled by Infantino's lack of transparency and deserve better than contempt and threats.

โ€” Kevin LamourFIFA's Chief Operating Officer criticizing the handling of the investor plans.

The decision followed strong criticism from various stakeholders. UEFA and all its member federations had rejected the plans, with UEFA calling it a step that "crosses a line that football's governing bodies should never cross." FIFA's own Chief Operating Officer, Kevin Lamour, accused Infantino of a "lack of transparency" and stated that employees felt "fooled." Carlos Cordeiro, a senior advisor to Infantino, resigned in protest on Friday. Norwegian Football Federation president Lise Klaveness also voiced strong opposition, criticizing what she described as a "breakdown of good governance and trust" and unilateral decision-making by the FIFA president.

It is unfortunately no surprise that we are now experiencing such a breakdown of good governance and trust. As NFF has pointed out in many cases, major decisions have over time been made unilaterally by FIFA's president, without proper processes.

โ€” Lise KlavenessPresident of the Norwegian Football Federation commenting on FIFA's decision-making.
DistantNews Editorial

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