FIFA advisor resigns over Infantino plan

The article revealed the resignation of Carlos Cordero, the chief advisor to the President of FIFA, in protest against FIFA's plan to sell a stake in the rights to organize the World Cup, which he described as "a bad deal for football." FIFA proposed establishing a subsidiary valued at $20 billion to manage the World Cup, offering up to a 20% stake to private sector investors. Cordero opposed this, arguing that selling high-value assets to raise $4.2 billion was unwise, especially given FIFA's substantial financial reserves and debt-free status. He resigned immediately, expressing concern that this decision could harm the future of the sport, and emphasizing that FIFA has the financial capacity to support current member associations without needing to sell off assets. This comes amidst pressure on FIFA member associations to take a stance on the proposal.

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