FIFA official resigns amid backlash over World Cup investment plan
Yahoo Sports • 1 min read • Latest: Jul 31, 2026, 12:07 PM
Last updated Jul 31, 2026
A senior adviser to FIFA President Gianni Infantino resigned on July 31, protesting a controversial $20 billion privatization plan for the FIFA World Cup. The Asian Football Confederation expressed concerns over the proposal, which aims to attract private investment into FIFA's key competitions. This follows condemnation from UEFA and CONCACAF, citing a lack of transparency in the decision-making process. Infantino's initiative includes creating a subsidiary partly owned by private investors, stirring significant opposition among FIFA's member organizations.
- •Carlos Cordeiro resigned, calling the investment plan 'a bad deal for football'.
- •Asian Football Confederation voiced solidarity with UEFA and CONCACAF against the proposal.
- •FIFA stands firm on pursuing the $20 billion FIFA Forward Enterprise project.
- •Concerns over the quick timeline and process for the privatization plan were raised by several confederations.
- •Cordeiro's departure intensifies scrutiny of Infantino's leadership amid rising dissent.
- 12:07 PMYahoo Sports — FIFA official resigns in protest of World Cup investment plan
"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.
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