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Five Days of Protests Ends Infantino's FIFA Plans
The International Football Federation (FIFA) has completed its controversial plan for private investment related to the World Cup, after five days of widespread debate and significant opposition, especially from the European Union (UEFA). The plan involved establishing a commercial company to manage the commercial rights of FIFA tournaments, aiming to attract $4.2 billion in funding, with the expected value of the entity reaching around $20 billion. FIFA offered financial incentives of $40 million to each national federation if they approved the project before September 19. As criticism intensified and concerns about a loss of trust in Infantino’s leadership grew, FIFA officially announced the withdrawal of the project, reigniting the debate over the reasons behind resorting to investment despite having substantial financial reserves and expecting high revenues from the World Cup, in addition to the declining reputation of FIFA following the failure to pass the project.
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