Infantino World Cup Boycott
European soccer bodies are escalating a boycott over Gianni Infantino's FIFA investment plan.
Summary
UEFA’s 55 member associations voted to boycott the World Cup and all other FIFA competitions if FIFA President Gianni Infantino proceeds with a plan to sell stakes in the World Cup and related commercial rights to private investors. FIFA’s proposal has been described as involving a 20% stake and a potential $20 billion investment structure, with Joshua Kushner’s Thrive Capital among the investors linked to it. Concacaf’s 41 member associations also rejected the plan, questioning the need for private investment after FIFA’s recent profits.
The Coverage
Soccer SelloffLeans Left
FIFA’s plan to sell stakes in the World Cup is a profit-driven takeover that puts global soccer in the hands of private investors. The deal would corrupt the sport’s purpose, fuel chaos, and damage soccer for fans and institutions worldwide.
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