UEFA says it has 'lost confidence' in Infantino's leadership
UEFA will review the abandoned $20 billion plan after saying FIFA leadership has lost its confidence and many football bodies opposed the proposal.
- UEFA announced Saturday it has lost confidence in FIFA President Gianni Infantino and will pursue a full review of his abandoned plan to sell World Cup stakes to private equity investors, stating 'no option should be off the table.'
- Infantino had proposed creating a $20 billion FIFA Future Enterprise to operate the World Cup with private investors, but backlash intensified when his senior adviser resigned and soccer bodies in Asia, Europe, and North America opposed the plan.
- On Friday, Infantino withdrew the FFE plan after UEFA voted Thursday to boycott FIFA if the proposal remained, with UEFA criticizing the effort as a 'shabby, back room, opaque deal' involving 'secret schemes' and 'fast track timescales.'
- UEFA expanded its rebuke Saturday, stating that 'the current FIFA leadership has not only lost UEFA's confidence but also that of many other members of the football family,' demanding accountability for those involved.
- Rather than private equity arrangements, UEFA proposes distributing resources through the existing FIFA Forward Programme, while noting Infantino broke 2016 promises to ensure FIFA money serves football development with transparency.
155 Articles
155 Articles
The reverse of Gianni Infantino may not be enough. The Fifa is overwhelmed by the criticism and renunciation of the idea of "privatising" its competitions, including the World Championship. And Uefa approves the decision but stresses: "We cannot continue this way, with secret projects carried out with accelerated timings, designed by faceless individuals and the dubious benefits for [...] L'articolo L'Uefa demolishes Infantino: "Secret agreement…
Despite the withdrawal of Gianni Infantino's controversial proposal to bring private capital into international competitions, UEFA regrets "a loss of confidence" in the
European soccer says it has lost confidence in FIFA chief Gianni Infantino as investment plan scrapped
FIFA chief Gianni Infantino had proposed creating a $20 billion company to run the World Cup with private investors but drew backlash that grew every day since Tuesday's announcement.
After the broad side of the Uefa against the Fifa, the Danish and Dutch football federations explicitly oppose Gianni Infantino. The DFB also takes the floor – and calls for a clear change in culture.
Gianni Infantino's withdrawal from the plan to open a company to sell shares in Fifa's commercial assets was not enough to contain the political crisis that settled in the entity. One day after the president abandoned the proposal, Uefa stated that it "does not trust the current management of the international federation" and announced that it will work with other confederations to discuss mechanisms that prevent similar initiatives in the futur…
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