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Cordiero resigns over FIFA commercial plans
Carlos Cordeiro, the chief advisor to the President of FIFA, submitted his immediate resignation in protest against FIFA's plan to establish a commercial company valued at $20 billion to manage the World Cup and its events, offering up to a 20% stake to private sector investors. Cordeiro strongly Opposed the project, considering it would harm the member associations, the sport of football, and the long-term future of the game. The 211 member associations are under pressure to decide on this proposal by September 19, amid concerns about its potential impact on the future of the World Cup.
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