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FIFA back Infantino, apologize for World Cup privatization plan
['The Frontier Post']
The Frontier Post
RABAT (AFP) : FIFA president Gianni Infantino has received the “full support” of senior directors on Wednesday but world football’s governing body apologized for the controversy of the now-shelved plan to open the World Cup to private investment.
FIFA floated the plan, saying it could raise up to $4.2 billion based on a valuation of $20 billion for a new commercial subsidiary, called the FIFA Forward Enterprise (FFE), which it proposed would run events such as the World Cup and Club World Cup.
“In a separate letter to the FIFA Council and FIFA Member Associations, an apology was made for these errors together with a commitment to ensure they do not happen again.”
UEFA termed the proposal to privatise the World Cup a “shabby, back room, opaque deal” hatched by Infantino.
On Wednesday, Canadian Prime Minister Mark Carney, whose country co-hosted the 2026 World Cup, said he no longer had confidence in Infantino’s ability to lead FIFA.