FIFA Execs Push Back on Infantino’s World Cup Asset Sale Plan

1 min read
Source: Al Jazeera
FIFA Execs Push Back on Infantino’s World Cup Asset Sale Plan
Photo: Al Jazeera
TL;DR Summary

FIFA COO Kevin Lamour says staff were deceived by Gianni Infantino’s plan to spin off FIFA’s commercial assets into a $20 billion subsidiary with 20% private ownership, anchored by a Kushner-linked fund, and urged that the project must not go ahead. Former FIFA adviser Carlos Cordeiro resigned in protest, calling the deal a bad move for football; critics argue the sale would mortgage football’s future despite FIFA’s reserves. The controversy comes as Infantino seeks re-election with an upcoming deadline for challengers.

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