FIFA President Gianni Infantino’s plan to privatize the World Cup through a new operation backed by investors with ties to former US President Donald Trump has drawn criticism from Europe’s UEFA. The proposed $20 billion operation aims to fundamentally alter how the World Cup is run, but faces resistance due to concerns about control and potential conflicts of interest.
The plan, spearheaded by FIFA President Gianni Infantino, involves a new entity funded by investors that would take over the commercial aspects of running the World Cup. According to CNN, this operation is backed by investors with ties to Donald Trump. The details of these connections were not further elaborated in the report.
UEFA, European soccer’s governing body, has voiced strong opposition to Infantino's proposal. While specific objections weren't detailed in the source, the resistance suggests concerns about the direction FIFA is taking and the influence of external investors. UEFA believes that this plan could fundamentally change the nature of the World Cup and potentially diminish its integrity.
The $20 billion investment would represent a significant shift in how FIFA operates financially. Currently, FIFA manages the commercial rights to the World Cup itself. Privatizing these rights through an outside operation raises questions about transparency and accountability.
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