FIFA scraps its World Cup investment plan
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Fifa, Infantino
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UEFA said it and its 55 members will boycott FIFA competitions, rejecting FIFA's proposed plan to sell stakes to private investors, the European soccer governing body confirmed on Thursday. Concacaf,
ZURICH, Aug 2 (Reuters) - Gianni Infantino's position as FIFA president looks untenable following his failed plan to sell a stake in the World Cup's commercial rights, the head of Europe's professional football leagues said on Sunday.
Jared Kushner‘s younger brother, Joshua Kushner, has seen his high-profile FIFA World Cup investment bid collapse after world soccer leaders The Jared Kushner’s Brother Loses Out As FIFA World Cup Dea
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UEFA Says It Has Lost Confidence in FIFA's Infantino After Failed Private Equity Plan for World Cup
NYON, Switzerland (AP) — UEFA says it has lost confidence in FIFA President Gianni Infantino and that "no option should be off the table" as it will pursue a full review of his now abandoned plan to sell stakes of the World Cup to private equity investors.
Three confederations were hard against the idea. The other three didn't exactly voice support either.
The pressure is rising on FIFA President Gianni Infantino to ditch a $20 billion privatization plan, but soccer's governing body is doubling down and criticizing the media.
FIFA President Gianni Infantino said his proposal "will not proceed" after UEFA — the European football association that includes powerhouses such as Spain, France, England and Germany — unanimously threatened to boycott all FIFA competitions going forward.
Gianni Infantino has clashed with unions and European football, but after 10 years as Fifa president he remains in a powerful position.