Reactions Trail FIFA President Gianni Infantino’s Investment Plan
The latest proposal by the FIFA boss, President Gianni Infantino, to sell stakes in FIFA’s major competitions has sparked outrage globally since it was revealed Tuesday.
FIFA president Gianni Infantino has written to all 211 member associations, offering up to $40 million (£30 million) to those that support his controversial proposal to sell stakes in the governing body’s major competitions.
Under the proposal, FIFA would raise $4.2bn (£3.1bn) from external investors through the sale of minority, non-controlling stakes in FFE, which it says would be valued at around $20bn (£15bn).
UEFA, European football’s governing body, released a furious statement that said the proposals “crossed a line”.
UK Prime Minister Andy Burnham has also voiced his criticism, saying that Football does not belong to investors. It belongs to the people who fill the stands and who stand on the touchline week in, week out, rain or shine.”
