FIFA, Infantino
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Gianni Infantino's FIFA presidency is on life support after his abandoned attempt to sell a stake of the World Cup to private equity draws international outrage.
Europe’s governing body led the protests against FIFA’s divisive plan.
UEFA says it and “other members of the football family” have lost confidence in Gianni Infantino, accusing the FIFA President of a “shabby, back room, opaque” deal after plans to sell a stake in its competitions were abandoned.
1don MSN
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.
UEFA and Concacaf have been loud in their opposition to the idea, with the European nations threatening to boycott future World Cups.
FIFA cancels a highly scrutinized plan to seek outside investors for a proposed commercial subsidiary built around the World Cup.
Carlos Cordeiro resigned as a FIFA senior adviser in protest of the plan to sell stakes in the World Cup to private equity investors, he said Friday.
Uefa has threatened Gianni Infantino with legal action over his World Cup sell-off plan and warned him not to destroy any material relating to it.