• Latest
FIFA scraps private investment plan after backlash

FIFA scraps private investment plan after backlash

August 1, 2026
Smriti Irani On Students Protest: Ex Education Minister Says PM Modi Is With GenZ, Fixed Paper Leak System

Smriti Irani On Students Protest: Ex Education Minister Says PM Modi Is With GenZ, Fixed Paper Leak System

August 2, 2026
‘Sopranos’ actor Vincent Pastore dead at 80

‘Sopranos’ actor Vincent Pastore dead at 80

August 2, 2026
DG ISPR interacts with Summer Internship 2026 students on security, social media

DG ISPR interacts with Summer Internship 2026 students on security, social media

August 2, 2026
At least three dead in Idaho shopping mall mass shooting | Crime

At least three dead in Idaho shopping mall mass shooting | Crime

August 2, 2026
Royal Oman Police urge Dhofar Khareef visitors to follow road safety rules

Royal Oman Police urge Dhofar Khareef visitors to follow road safety rules

August 2, 2026
UP supplementary budget may earmark funds for infra projects, youth, women

UP supplementary budget may earmark funds for infra projects, youth, women

August 2, 2026
Chinese-made solar products light up life, farming in Afghanistan

Chinese-made solar products light up life, farming in Afghanistan

August 2, 2026
Tel Aviv demonstrators demand Oct. 7 commission of inquiry, judicial protection

Tel Aviv demonstrators demand Oct. 7 commission of inquiry, judicial protection

August 2, 2026
At Nonna Nietta, Italian magic in suburban Tsukuba

At Nonna Nietta, Italian magic in suburban Tsukuba

August 2, 2026
China stages military drills near contested South China Sea shoal

China stages military drills near contested South China Sea shoal

August 2, 2026
SM refund to customers who felt “trapped” in rooms and “forced” to make unwanted purchases by beauty chain staff who used high-pressure sales tactics

S$1M refund to customers who felt “trapped” in rooms and “forced” to make unwanted purchases by beauty chain staff who used high-pressure sales tactics

August 2, 2026
J&K speeds up FRA implementation; warns Forest Dept. against eviction notices

J&K speeds up FRA implementation; warns Forest Dept. against eviction notices

August 2, 2026
Sunday, August 2, 2026
  • About us
  • Advertise with us
  • Submit Articles
  • Privacy Policy
  • Contact us
Asia Today
No Result
View All Result
Subscribe
  • Login
  • Eastern Asia
    • China
    • Japan
    • Mongolia
    • North Korea
    • South Korea
  • South-eastern Asia
    • Brunei
    • Cambodia
    • Indonesia
    • Laos
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Thailand
    • Timor Leste
    • Vietnam
  • Southern Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Iran
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka
  • Central Asia
    • Kazakhstan
    • Kyrgyzstan
    • Tajikistan
    • Turkmenistan
    • Uzbekistan
  • Western Asia
    • Armenia
    • Azerbaijan
    • Bahrain
    • Cyprus
    • Georgia
    • Iraq
    • Israel
    • Jordan
    • Kuwait
    • Lebanon
    • Oman
    • Qatar
    • Saudi Arabia
    • State of Palestine
    • Syria
    • Turkey
    • United Arab Emirates
    • Yemen
  • More News
    • Opinion
    • Politics
    • Business
    • Entertainment
    • Fashion
    • Food
    • Health
    • Lifestyle
    • Science
    • Tech
    • Sports
  • Eastern Asia
    • China
    • Japan
    • Mongolia
    • North Korea
    • South Korea
  • South-eastern Asia
    • Brunei
    • Cambodia
    • Indonesia
    • Laos
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Thailand
    • Timor Leste
    • Vietnam
  • Southern Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Iran
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka
  • Central Asia
    • Kazakhstan
    • Kyrgyzstan
    • Tajikistan
    • Turkmenistan
    • Uzbekistan
  • Western Asia
    • Armenia
    • Azerbaijan
    • Bahrain
    • Cyprus
    • Georgia
    • Iraq
    • Israel
    • Jordan
    • Kuwait
    • Lebanon
    • Oman
    • Qatar
    • Saudi Arabia
    • State of Palestine
    • Syria
    • Turkey
    • United Arab Emirates
    • Yemen
  • More News
    • Opinion
    • Politics
    • Business
    • Entertainment
    • Fashion
    • Food
    • Health
    • Lifestyle
    • Science
    • Tech
    • Sports
No Result
View All Result
Morning News
No Result
View All Result
Home South-eastern Asia Philippines

FIFA scraps private investment plan after backlash

by Asia Today Team
August 1, 2026
in Philippines
Reading Time: 7 mins read
20 1
A A
0
FIFA scraps private investment plan after backlash
24
SHARES
303
VIEWS
Share on FacebookShare on Twitter

READ ALSO

‘Sopranos’ actor Vincent Pastore dead at 80

China stages military drills near contested South China Sea shoal


FIFA president Gianni Infantino said on Saturday he has scrapped a plan to allow private investment in the World Cup following fierce backlash from football officials worldwide.FIFA scraps private investment plan after backlash

(FILES) FIFA President Gianni Infantino speaks in the course of the 2026 FIFA World Cup Play-Off Match draw on the FIFA’s House of Soccer in Zurich on November 20, 2025.  (Picture by Fabrice COFFRINI / AFP)

FIFA president Gianni Infantino stated on Saturday he has scrapped a plan to permit non-public funding within the World Cup following fierce backlash from soccer officers worldwide.

“Our objective has at all times been — and can at all times be — to unite and enhance,” Infantino stated in an announcement. “Because of this, this proposal is not going to proceed.”

Article continues after this commercial

READ: FIFA vows to go forward with non-public investor proposal

FIFA, world soccer’s governing physique, had floated the plan on Tuesday, saying it might elevate as much as $4.2 billion based mostly on a valuation of $20 billion for a brand new FIFA Ahead Enterprise (FFE), a industrial subsidiary it proposed to run occasions such because the World Cup and Membership World Cup.

It stated that, if accredited, the undertaking might present every of FIFA’s 211 member associations with a one-off cost of $20 million in early 2027 and enhance their funding allocation for the 2027-2030 cycle from $8 million to $20 million.

The Asian Soccer Confederation, which represents 47 member nations, welcomed the plan’s withdrawal on Saturday.

Article continues after this commercial

Any initiative that will affect international soccer needs to be “introduced and mentioned with the Confederations, the FIFA Council, Member Associations (MAs) and different stakeholders in a well timed, clear and significant method,” the Kuala Lumpur-based physique stated in an announcement.

READ: Infantino needs ‘corruption’ time period again on FIFA ethics code

The Mexican Soccer Federation additionally welcomed the transfer, saying that “unity amongst all of the Confederations and Federations has been prioritized for the great of soccer”.

Article continues after this commercial

Earlier this week, European soccer’s governing physique UEFA stated none of its nationwide groups would take part in any FIFA competitors “for as long as these proposals stay alive”.

The Asian Soccer Confederation (AFC) and North American and Caribbean federation (CONCACAF) additionally condemned the transfer.

“The World Cup can’t be handled as an funding product,” UEFA stated in an announcement. “No a part of it ought to ever be surrendered to personal buyers. The World Cup just isn’t on the market.”

Stress mounted on Infantino on Friday with the resignation of senior advisor Carlos Cordeiro, who known as the thought “a foul deal for FIFA’s member associations, a foul deal for soccer, and a foul deal for the long-term way forward for the sport”.

South American confederation CONMEBOL, whose president Alejandro Dominguez is thought to be an in depth ally of Infantino, demanded additional info on the “scope, construction, governance and potential results” of the undertaking.

 ‘Created divisions’

World football's governing body FIFA vowed on Friday to press ahead with an "open and democratic" consultation on a proposed private investment plan despite widespread opposition to the proposal.World football's governing body FIFA vowed on Friday to press ahead with an "open and democratic" consultation on a proposed private investment plan despite widespread opposition to the proposal.

(FILES) This picture taken on October 8, 2015 in Zurich reveals the doorway signal with the emblem on the FIFA world headquarters. Picture by Fabrice COFFRINI / AFP)

Within the late-night assertion asserting the plan was lifeless, Infantino stated the undertaking was conceived as a way of strengthening member associations, and that it will solely have gone forward if a majority supported it.

“Having listened rigorously to all of the views, it has grow to be clear that the undertaking has created divisions of a nature that, whatever the stage of assist, are now not within the curiosity of the target set out within the first place,” he stated.

FIFA had tried to fend off the critics, saying in an announcement early Friday that it will proceed consultations with member associations and insisting that “no one is promoting soccer”.

However the stress mounted, and never simply throughout the soccer group.

A day after the European Union praised UEFA for “defending the integrity of the sport,” UK Prime Minister Andy Burnham stated on Friday that Infantino was “the fallacious man” to steer FIFA.

The beleaguered Infantino stated he would focus now on restoring concord whereas persevering with to develop the sport.



Your subscription couldn’t be saved. Please strive once more.


Your subscription has been profitable.

“Shifting ahead, my intent is to deliver all events again collectively within the coming days and weeks within the spirit of shared curiosity in our recreation, and with the target to proceed rising soccer all over the place, significantly in these international locations that principally want our assist,” he stated.





Source link

Tags: backlashFIFAinvestmentPlanprivatescraps

Related Posts

‘Sopranos’ actor Vincent Pastore dead at 80
Philippines

‘Sopranos’ actor Vincent Pastore dead at 80

August 2, 2026
China stages military drills near contested South China Sea shoal
Philippines

China stages military drills near contested South China Sea shoal

August 2, 2026
Traffic enforcers barred from confiscating licenses
Philippines

Traffic enforcers barred from confiscating licenses

August 1, 2026
WATCH:  Defense chief Teodoro says PH needs allies beyond Asean
Philippines

WATCH: Defense chief Teodoro says PH needs allies beyond Asean

July 29, 2026
PNP to review deployment of police officers for security operations
Philippines

PNP to review deployment of police officers for security operations

July 29, 2026
‘Evidence’ of Taguig anomalies now with Ombudsman – Lacson
Philippines

‘Evidence’ of Taguig anomalies now with Ombudsman – Lacson

July 28, 2026
Asia Today

Copyright © 2022 Asia Today.

Navigate Site

  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepages
  • World
  • Eastern Asia
    • China
    • Japan
    • Mongolia
    • North Korea
    • South Korea
  • South-eastern Asia
    • Brunei
    • Cambodia
    • Indonesia
    • Laos
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Thailand
    • Timor Leste
    • Vietnam
  • Southern Asia
    • Afghanistan
    • Sri Lanka
    • Bangladesh
    • Bhutan
    • India
    • Iran
    • Maldives
    • Nepal
    • Pakistan
    • Central Asia
    • Kazakhstan
    • Kyrgyzstan
    • Tajikistan
    • Turkmenistan
    • Uzbekistan
  • Western Asia
    • Armenia
    • Azerbaijan
    • Bahrain
    • Cyprus
    • Georgia
    • Iraq
    • Israel
    • Jordan
    • Kuwait
    • Lebanon
    • Oman
    • Qatar
    • Saudi Arabia
    • State of Palestine
    • Syria
    • Turkey
    • United Arab Emirates
    • Yemen
  • Opinion
  • Politics
  • Business
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Science
  • Tech
  • Travel
  • Sports
  • About us
  • Advertise with us
  • Privacy Policy
  • Contact us
  • Support AsiaToday

Copyright © 2022 Asia Today.