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FIFA Scraps Private Investment Plan After Global Football Opposition
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DMR News
UEFA’s 55 member associations had agreed to boycott FIFA competitions if the proposal remained in place, while Concacaf members rejected the plan and the AFC publicly supported both confederations’ positions.
Its original announcement said outside parties could make minority, non-controlling investments while FIFA retained authority over competitions, governance and sporting decisions.
A document prepared by JPMorgan projected higher payments to FIFA’s 211 member associations during the 2035 to 2039 funding cycle.
Opposition Made Approval UnlikelyInfantino needed support from at least 106 of FIFA’s 211 member associations.
He maintained that the proposal was intended to provide more support to member associations, particularly in countries where additional funding was needed.