FIFA Officials Slam Infantino’s World Cup Sell-Off Plan

According to the Associated Press, FIFA chief operating officer Kevin Lamour stated on Friday that staff were deceived by president Gianni Infantino’s plan to sell stakes in future World Cup profits to private equity funds. Lamour suggested the $20 billion commercial subsidiary project must not go ahead, defending his colleagues amid intense fallout from the … Read more

Carlos Cordeiro Resigns as FIFA Adviser Over Private Equity Plan

Carlos Cordeiro Resigns as FIFA Adviser Over Private Equity Plan

Senior FIFA adviser Carlos Cordeiro resigned Friday in protest of Gianni Infantino’s controversial plan to spin off World Cup commercial assets into a $20 billion private equity subsidiary. The abrupt exit deepens an expanding global crisis as European, North American, and Asian soccer confederations unite against the proposal. The internal rebellion at soccer’s governing body … Read more