FIFA’s Investment Plan Faces Backlash
The FIFA President, Gianni Infantino, has set a deadline of September 19 for 211 member federations to agree to a $20 million offer. This offer is linked to a project that aims to involve private investors in the World Cup. Backed by a $20 billion subsidiary funded by Jared Kushner’s brother, the proposal has angered international soccer organizations. UEFA plans to gather its 55 member federations for an emergency online meeting, likely on Thursday.
UEFA expressed strong opposition, stating, “There is significant and growing opposition to FIFA’s scheme.” Infantino’s actions appear to align with individuals close to U.S. President Donald Trump. Previously, Infantino introduced the FIFA Peace Prize, allowed Trump’s intervention with player selection, and now seeks investment from Joshua Kushner’s firm for a 12-year partnership with FIFA. Infantino described the plan as a “singular and unique funding opportunity,” seeking to create a $20 billion subsidiary partly owned by private investors to manage competitions like the World Cup.
In a letter seen by The Associated Press, Infantino claimed it was his duty to present this opportunity. The proposal, supported by Thrive Capital, encountered immediate criticism from UEFA, asserting that the World Cup is not FIFA’s to sell. UEFA even hinted at boycotting FIFA competitions, a tactic used against past proposals such as a biennial World Cup.
Infantino’s presidency is marked by ambitious projects without full consultation with key stakeholders. Previous proposals include a FIFA Peace Prize awarded to Trump and a secretive $25 billion private equity plan in 2018. Concerns about the current plan were raised on Wednesday by Asian and North American soccer bodies.
CONCACAF and the Asian Football Confederation criticized the lack of due process. Such bodies, responsible for events like the Champions League and Copa America, fear threats from FIFA’s plans to increase investor revenue through more frequent World Cups. The European Football Clubs group, with ties to UEFA, criticized the lack of consultation and media-driven announcement.
Inviting private investment, as sports governance academic Antoine Duval suggested, could push FIFA toward commercializing the World Cup further. The offer promises $20 million to each federation if they approve the subsidiary, compared to $10 million without it. Infantino’s stance is that this provides diverse international investor involvement, led by J.P. Morgan.
UEFA criticized the hastily set deadline. Football federations, many reliant on FIFA funding, may struggle to oppose it due to their teams’ limited chance in top competitions. They face a democratic system where powerful nations can be outvoted by smaller ones.
The plan faced quick condemnation from British Prime Minister Andy Burnham, who supports hosting the 2035 Women’s World Cup across Britain and Ireland. “Football does not belong to investors,” Burnham said, emphasizing that it belongs to the fans.
British lawmakers previously used legislative threats to thwart the European Super League, which had Infantino’s covert support. Infantino seems set for re-election as FIFA president, with his election speeches emphasizing more funds for federations.
Speculation surrounds Infantino’s future beyond 2031, possibly eyeing a long-term executive role at a FIFA subsidiary. Upcoming election rules allow challenges with a candidate entry deadline of November 18. The election is planned for next March 18 in Rabat, Morocco, a notable ally of Infantino and co-host of the 2030 World Cup.
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