Fifa scraps private investment plan after backlash from member associations
3 sources • 1 min read • Latest: Aug 4, 2026, 10:58 AM
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.
- 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
"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, 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".
Original reporting and copyright belong to the linked sources. SportsNewsReport.com aggregates and links — it does not republish full articles.
Related Stories
Last 14 days- EPL•Aug 4, 2026, 11:15 AMNewcastle sources finally confirm Arsenal talks for Bruno Guimaraes
- EPL•Aug 4, 2026, 11:10 AMArsène Wenger 'not involved' in failed FIFA plans
- EPL•Aug 4, 2026, 11:10 AMTzolis not concerned by Vinicius to Arsenal transfer rumours
- EPL•Aug 4, 2026, 11:07 AMPressure mounts on Gianni Infantino as top Fifa chief warns ‘individuals come and go’
- EPL•Aug 4, 2026, 11:05 AMArsenal youngster sends 5-word farewell as he completes transfer
- EPL•Aug 4, 2026, 10:50 AMWenger says scrapping Infantino's World Cup plan was "absolutely necessary"
