FIFA's $10bn Ultimatum: Gianni Infantino Sets Deadline for Member Federations
FIFA President Gianni Infantino has given all 211 member federations until September 19 to decide whether to back his controversial private investment proposal.
FIFA's $10bn Ultimatum: Gianni Infantino Sets Deadline for Member Federations
FIFA President Gianni Infantino has given all 211 member federations until September 19 to decide whether to back his controversial private investment proposal. The proposal could unlock up to $40 million in funding for each federation over the next four-year cycle. The move has been met with criticism from several football stakeholders, with UEFA weighing its options, including a World Cup boycott. The deadline has been set as a major test for Infantino's proposal.
FIFA Sets Deadline for Member Federations to Accept Private Investment Offers
FIFA President Gianni Infantino has set a September 19 deadline for the 211 member federations to accept one-off $20m offers as part of a project to sell stakes in the World Cup to private investors. The move has been criticized by international football organizations, with Europe's football body, UEFA, aiming to call its 55 member federations to reject the offer. The $20bn FIFA subsidiary, bankrolled by the brother of Jared Kushner, was blasted by international football organizations.