2 Days
Source:
AL24 News
Infantino halts private investment plan in FIFA
The President of the International Football Federation (FIFA), Gianni Infantino, announced the withdrawal of the project to open the sector for private investment in the organization, following strong opposition from the European Union (UEFA) and continental associations such as Asia, North America, and the Caribbean. The goal of the project was to increase funding for football development programs to $10 billion over four years by establishing a new company with a maximum private shareholding of 20%, along with exceptional grants of $20 million to each association and development funding ranging from $8 million to $20 million for the period 2027-2030. Widespread rejection and fears of boycotts led to abandoning the proposal, in order to preserve the unity of the football community.
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