Infantino's World Cup investor plan fails; $30 million salary leak adds to pressure
Translated from Spanish, summarized and contextualized by DistantNews.
At a glance
- FIFA President Gianni Infantino's plan to sell 20% of World Cup commercial rights to private investors failed.
- UEFA, CONCACAF, and AFC opposed the plan, threatening boycotts.
- Leaked information suggests Infantino would have received $30 million if the deal had passed, while UEFA has stated it lost confidence in his leadership.
FIFA President Gianni Infantino's ambitious plan to open the World Cup to private investors has collapsed, potentially jeopardizing his leadership. The proposal involved creating a subsidiary, FIFA Forward Enterprise, and selling 20% of the tournament's commercial rights.
Thrive Capital, an American fund led by Joshua Kushner, was reportedly the main investor. However, major football confederations, including UEFA, CONCACAF, and the AFC, voiced strong opposition. They threatened to boycott upcoming international tournaments, forcing Infantino to withdraw his plans.
The failure of the project has led to significant backlash. Leaked information from Martyn Ziegler of 'The Times' suggests Infantino stood to gain $30 million in salary had the plan been approved. Adding to his difficulties, UEFA released a statement asserting that the current FIFA leadership has lost the confidence of UEFA and many other football stakeholders.
With FIFA elections scheduled for March 2027 in Rabat, Morocco, Infantino faces increasing pressure. The UEFA statement, released on Saturday, casts doubt on his future leadership of the organization.
Originally published by El Universal in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.