A claim that FIFA President Gianni Infantino is thinking of selling World Cup interests to private investors—a move that might earn him tens of millions of pounds—has prompted UEFA to take forceful action.
FIFA stated in a press release on Tuesday that it plans to boost football development spending to more than $10 billion, subject to FIFA Member Associations’ agreement.
If approved, the football governing body claimed, all 211 FIFA Member Associations (MAs) would have access to increased funds for football development.
According to a report in The Times, Infantino may be thinking about selling World Cup shares, which might result in the creation of a business to manage FIFA.
According to the article, people connected to the Trump administration have been consulted on this project.
UEFA said, “This crosses a line that football’s governing institutions should never cross,” in response to the Times piece. Like other National Football Associations, UEFA takes this issue very seriously.
“Leagues, clubs, players, supporters, governments, and everybody else involved in the game’s future should all take this seriously.
“The core and governance of football are not commodities to be exchanged, especially in the absence of financial benefit transparency. Football is not FIFA’s to sell; none of us own it.
The Times further stated that after his tenure as FIFA president ends, Infantino is anticipated to take on the position of commissioner for the organization.