Fifa scraps private investment plan after backlash from member associations
4 sources • 1 min read • Latest: Aug 4, 2026, 1:50 PM
Last updated Aug 4, 2026
Fifa chief of global football development Arsene Wenger stated that scrapping the private investment plan for Fifa competitions was essential. The proposal, aimed at allowing external investors to buy stakes in Fifa events and including a $40 million offer to member associations, faced significant criticism, especially from Uefa's 55 nations, leading to its withdrawal. Wenger emphasized his belief in an independent Fifa that prioritizes transparency and integrity, distancing himself from the initial announcement of the plan, which he learned about through media. Uefa has threatened legal action against certain Fifa officials involved in the proposal.
- •Wenger called the withdrawal of the investment plan 'absolutely necessary'.
- •The investment proposal included a $40 million incentive for Fifa's 211 member associations.
- •Uefa's 55 nations threatened to boycott Fifa tournaments in response.
- •Wenger demands transparency from Fifa amidst the fallout.
- •Carlos Cordeiro resigned over the scandal, stating the proposal was damaging to football.
- 1:50 PMYahoo Sports — Wenger backs FIFA U-turn over investment plan
- 10:58 AMYahoo Sports — Fifa private money plan had to be scrapped - Wenger
- 10:45 AMBBC Sport — Fifa private money plan had to be scrapped - Wenger
"Arsene Wenger says FIFA made the right decision by abandoning its controversial proposal to allow private investment in the governing body’s flagship competitions.The former Arsenal manager, now FIF...
"Fifa's chief of global football development Arsene Wenger says the decision to scrap the plan to have private investment in Fifa competitions was "absolutely necessary".
"Fifa's chief of global football development Arsene Wenger says the decision to scrap the plan to have private investment in Fifa competitions was "absolutely necessary".
Sources
External links- Yahoo SportsAug 4, 2026, 1:50 PMWenger backs FIFA U-turn over investment plan
Arsene Wenger says FIFA made the right decision by abandoning its controversial proposal to allow private investment in the governing body’s flagship competitions.The former Arsenal manager, now FIF...
- Yahoo SportsAug 4, 2026, 10:58 AMFifa private money plan had to be scrapped - Wenger
Fifa's chief of global football development Arsene Wenger says the decision to scrap the plan to have private investment in Fifa competitions was "absolutely necessary".
- BBC SportAug 4, 2026, 10:45 AMFifa private money plan had to be scrapped - Wenger
Fifa's chief of global football development Arsene Wenger says the decision to scrap the plan to have private investment in Fifa competitions was "absolutely necessary".
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