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Carlos Cordeiro, senior adviser to FIFA President Gianni Infantino, resigned with immediate effect on Friday (September 13) to protest a proposal to sell equity in FIFA-run tournaments, calling it a 'bad deal for football.' The plan would create a $20 billion subsidiary to run the World Cup, with up to 20% of shares offered to outside investors.
FIFA has reaffirmed its commitment to consulting on plans to bring private capital into the World Cup and other tournaments, despite UEFA's unanimous vote to boycott and strong opposition from other regional confederations. The proposed FIFA Forward Enterprise (FFE) would be a $20 billion subsidiary with 20% external investment, led by a fund managed by Joshua Kushner.
FIFA has proposed creating a $20 billion subsidiary to sell minority stakes in the World Cup and other tournaments to private investors. The plan has triggered fierce criticism from UEFA, UK Prime Minister Andy Burnham, and CONCACAF, with UEFA threatening a potential boycott.
