{"id":5314,"date":"2026-08-01T07:06:51","date_gmt":"2026-08-01T07:06:51","guid":{"rendered":"https:\/\/relocationobserver.com\/?p=5314"},"modified":"2026-08-01T07:06:51","modified_gmt":"2026-08-01T07:06:51","slug":"fifa-chief-gianni-infantino-on-the-ropes-as-he-ditches-controversial-20-billion-private-investment-plan","status":"publish","type":"post","link":"https:\/\/relocationobserver.com\/?p=5314","title":{"rendered":"FIFA Chief Gianni Infantino on the Ropes as He Ditches Controversial $20 Billion Private Investment Plan"},"content":{"rendered":"
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\nGianni Infantino, the embattled president of soccer\u2019s governing body FIFA, has abandoned his controversial plan to create a $20 billion company that would control the commercial rights to its events, principally the World Cup.<\/p>\n

Read more Tiger Shroff to Star in Viccky Jain\u2019s VJ Frames Launch Title, Directed by Remo D\u2019Souza, With Abhishek Banerjee, Elvish Yadav Also Set (EXCLUSIVE)<\/a><\/p>\n

\n\tIn a statement released late Friday, Infantino said it had \u201cbecome clear that the project has created divisions of a nature that, regardless of the level of support, are no longer in the interest of the objective set out in the first place.\u201d<\/p>\n

\n\tThe survival of Infantino, who is up for re-election for a fourth term as president at the FIFA Congress in March, is now in doubt.<\/p>\n

\n\tInfantino said, \u201cOur purpose has always been \u2013 and will always be \u2013 to unite and improve. Moving forward, my intent is to bring all interested parties back together in the coming days and weeks in the spirit of shared interest in our game.\u201d<\/p>\n

\n\tThe climbdown by Infantino follows a threat by European countries, represented by the continent\u2019s soccer governing body UEFA, to boycott all FIFA events, including the World Cup, if the plan moved forward.<\/p>\n

Read more \u2018Spider-Man: Brand New Day\u2019 Leaks Online: Millions Watched Bootleg Before It Was Taken Down<\/a><\/p>\n

\n\tOpposition to Infantino\u2019s plan had also come from Concacaf, which governs soccer in North, Central America and the Caribbean, and the sport\u2019s governing body in Asia, the Asian Football Confederation.<\/p>\n

\n\tResistance to the plan had also come from within FIFA. Carlos Cordeiro, Infantino\u2019s senior adviser on global strategy and governance, resigned over the issue, saying the proposal was \u201ca bad deal\u201d for soccer and would \u201cmortgage\u201d its future. <\/p>\n

\n\tThen on Friday, the organization\u2019s chief operating officer Kevin Lamour said its own administration had been \u201cdeceived\u201d about the project. Lamour described the plan as \u201cthe project of one person,\u201d and said, \u201cthe time has now come for [soccer\u2019s] political leaders to ask themselves the right questions and make the right decisions.\u201d<\/p>\n

\n\tLamour added that had a duty of loyalty to \u201ccertain values\u201d and supporting his colleagues. \u201cIf that means I lose my job, then so be it. I will understand and respect that decision. At least I\u2019ll sleep well tonight.\u201d<\/p>\n

Read more Javier Bardem Politely Warned \u2018Cape Fear\u2019 Co-Star About Grabbing Her Hair During Attack Scene and Apologized in Advance: \u2018I\u2019m So Sorry, My Love\u2019<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

FIFA chief Gianni Infantino has abandoned a controversial plan to create a $20 billion company that would control the commercial rights to its events.<\/p>\n","protected":false},"author":1,"featured_media":5116,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[4064,4200],"class_list":["post-5314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biz","tag-fifa","tag-gianni-infantino"],"yoast_head":"\nFIFA Chief Gianni Infantino on the Ropes as He Ditches Controversial $20 Billion Private Investment Plan - Relocation Observer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/relocationobserver.com\/?p=5314\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FIFA Chief Gianni Infantino on the Ropes as He Ditches Controversial $20 Billion Private Investment Plan - 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