Infantino has lost Uefa’s ‘confidence’ despite withdrawal of ‘shabby deal’
Fifa president Gianni Infantino has lost the “confidence” of European football’s governing body Uefa after his plan to allow private investment in the World Cup was withdrawn following a global backlash. Uefa had threatened to boycott all Fifa competitions if Infantino had insisted on trying to push through his plan which they dismissed on Saturday […] The post Infantino has lost Uefa’s ‘confidence’ despite withdrawal of ‘shabby deal’ appeared first on The Namibian .
Fifa president Gianni Infantino has lost the “confidence” of European football’s governing body Uefa after his plan to allow private investment in the World Cup was withdrawn following a global backlash.
Uefa had threatened to boycott all Fifa competitions if Infantino had insisted on trying to push through his plan which they dismissed on Saturday as a “shabby, back room, opaque deal.”
Fifa’s plan, which had envisaged raising up to $4.2 billion based on a valuation of $20 billion for Fifa Forward Enterprise (FFE), a planned commercial subsidiary to run events such as the World Cup and Club World Cup.
It said the project could provide each of Fifa’s 211 member associations with a one-off payment of $20 million in early 2027 and increase their funding allocation for the 2027-2030 cycle from $8 million to $20 million.
