Cordeiro resigns as FIFA faces backlash over World Cup private-investment plan
Carlos Cordeiro, a senior adviser to FIFA president Gianni Infantino, resigns in protest of FIFA's plan to monetize the World Cup via a private-investment scheme called the FIFA Forward Enterprise, potentially selling up to 20% of the venture. The plan aims to raise about $4.2 billion, drawing scrutiny over leveraging private capital when FIFA rests on reserves; Infantino says consultations will continue as member associations prepare to vote, amid mounting opposition ahead of a September deadline.
