Zurich. FIFA president Gianni Infantino’s future at the helm of world football’s governing body has been thrown into uncertainty after his ambitious plan to bring private investors into the organisation’s commercial operations collapsed following strong opposition from football leaders.
FIFA on Friday confirmed that a proposal to create a new commercial entity to manage the World Cup and other tournaments, with 20 per cent ownership offered to private investors, would not proceed after triggering widespread criticism.
The decision ended three days of turmoil in global football, which intensified when UEFA, the wealthiest and most influential of FIFA’s six continental confederations, threatened to boycott all FIFA events unless the plan was abandoned.
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