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FIFA Drops Controversial Private World Cup Investment Plan After Global Refusal
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FIFA President Gianni Infantino cancelled the controversial FIFA Forward Enterprise project this Friday, following intense backlash from UEFA and other major confederations over the privatization of global football commercial rights.
Statement attributable to the FIFA PresidentThe FIFA Forward Enterprise project was intended to provide a basis for further strengthening our FIFA Member Associations and our sport worldwide, especially in those countries where support is most needed.
FIFA Forward Enterprise: What is it?
The European governing body warned that no European national team would participate in any FIFA competition if the privatization plan proceeded, asserting that the FIFA World Cup belongs to the sport, its fans, and the global community, and is not a commodity for sale.
Critics of the FIFA Forward Enterprise argued that allowing private corporate consortiums to control international tournaments would marginalize developing nations, concentrating wealth in private hands while stripping regional bodies of democratic decision-making power.