Fifa private money plan had to be scrapped - Wenger
Summary
Fifa planned to allow private investors to buy shares in its main events, including the World Cup, but had to cancel the plan after widespread criticism and threats of boycott from European football associations. Arsene Wenger, Fifa’s chief of global football development, said canceling the proposal was necessary to keep Fifa independent and transparent.Key Facts
- Fifa president Gianni Infantino wanted to create a commercial company to run Fifa’s main events with private investors involved.
- Fifa offered each of its 211 member associations $40 million to support this plan.
- UEFA and 55 European nations threatened to boycott Fifa tournaments if the plan went ahead.
- Arsene Wenger was unaware of the plan before the media reported it and said stopping it was the right decision.
- Carlos Cordeiro, Infantino’s adviser, resigned, calling the plan bad for football.
- Fifa secretary general Mattias Grafstrom described the situation as difficult but urged staff to stay focused on football.
- Wenger has worked for Fifa since 2019 on football development and youth competitions.
- The plan’s cancellation was publicly confirmed by Fifa after intense criticism.
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