A Harsh Reckoning
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Another bitter setback for FIFA boss Gianni Infantino! In protest against his plan to sell shares in the World Cup to investors, one of his closest confidants has now resigned as well. In a statement, Carlos Codeiro also delivers a scathing rebuke, as reported by “Sky News.”
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen “As a senior advisor to the FIFA president, a former banker, and a lifelong soccer fan, I cannot stand idly by and watch as FIFA considers selling a stake in the World Cup,” Codeiro begins in the statement announcing his resignation.
It is important for the 70-year-old to make it clear that he himself had nothing to do with the plans to sell shares in the World Cup. “I was in no way involved in this proposal and firmly reject it. It is a bad deal for FIFA’s member associations, a bad deal for soccer, and a bad deal for the long-term future of the sport,” he states bluntly.
Finally, he offers a recommendation to the member associations. “Soccer plays a central role in my life, and after more than 35 years in banking, I understand both the value of this asset and the consequences of giving up a portion of it. That is why this proposal should be rejected.”
Resistance Is Growing
But even before that, significant resistance had already emerged from the continental federations. Following UEFA and CONCACAF, the Asian federation, the AFC, also voted against Infantino’s plan on Friday. This puts him under increasing pressure.
Just on Tuesday, the world governing body had announced its intention to raise more than four billion dollars (3.49 billion euros) from external investors through the planned subsidiary, FFE. Future World Cup tournaments are also to be organized under the umbrella of the newly founded FFE, in which FIFA would hold a majority stake. FIFA set a deadline of September 19 for approval of the planned investor deal and promised a special payment in return.
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