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Fifa scraps controversial World Cup investment plan

  • FIFA President Gianni Infantino abandoned his plan to sell a 20% stake in FIFA's commercial business, including World Cup profits, after facing opposition from UEFA, CONCACAF, and the Asian Football Confederation.
  • UEFA's 55 member nations agreed to boycott all FIFA competitions, including the World Cup, in protest against Infantino's investment proposal.
  • Senior FIFA officials Carlos Cordeiro resigned in protest, calling the plan a bad deal, and COO Kevin Lamour stated that FIFA staff felt deceived by Infantino’s lack of transparency.
  • Infantino said the investment plan caused divisions counter to FIFA’s purpose and confirmed the proposal would not proceed to maintain unity within the sport.
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The World Football Association withdraws the plans for the privatization of the World Championships. Background and reactions.

·Zürich, Switzerland
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udgtv broke the news on Friday, July 31, 2026.
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