Infantino drops FIFA World Cup private equity plan after global backlash

Gianni Infantino wanted to create a $20 billion company to manage FIFA's commercial business, including the men's and women's World Cups and Club World Cups. Under the proposal, private investors would own a 20% stake in the new company. The proposed "anchor investor" was a New York-based investment firm founded by Jos

ZURICH — FIFA President Gianni Infantino is abandoning his divisive plan to sell World Cup profits to private equity after receiving pushback from all corners of the soccer world. Infantino's decision came after his senior adviser who sat on a White House panel resigned and Asia's soccer body joined Europe and North Am

FIFA president Gianni Infantino wants to open the commercial capital of the World Cup to private investors. International investors, including figures close to US President Donald Trump's family, are reportedly among the potential candidates. The initiative has sparked strong reactions from various confederations and f

Critics of Gianni Infantino's FIFA Forward Enterprise spotted what they believed to be clear indications that this new venture would be a plan rife for corruption.

Fifa boss Gianni Infantino is a man of many ideas. His latest and most controversial yet is the proposal to invite external investors to claim a stake in the global soccer federation, with a company linked to US President Donald Trump leading the process.

FIFA’s announcement of its new project was not merely a passing commercial move. Within days, it had become one of the most controversial issues in the history of the game. Whilst FIFA insists the project aims to increase financial resources and expand support for national associations, European stakeholders believe it