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Sports4h ago

FIFA World Cup plan fallout: AFC reacts as Infantino scraps investment push

Bell summary

FIFA withdrew plans to sell a 20 percent stake in a new World Cup operating unit to private investors after facing opposition from regional confederations, including the AFC. AFC President Sheikh Salman bin Ebrahim Al Khalifa welcomed the decision and called for future initiatives to be discussed transparently with all stakeholders.

The full story

FIFA's proposal to raise approximately $4.2 billion through the sale of a minority stake in a newly created entity responsible for managing World Cup and other FIFA events has been abandoned following widespread criticism. The plan, unveiled on Tuesday, triggered immediate pushback from regional football confederations across the globe, with the Asian Football Confederation among the most vocal opponents. FIFA leadership, represented by President Gianni Infantino, subsequently reversed course, citing the need to listen carefully to feedback from stakeholders.

The AFC, which oversees football operations across Asia, the Middle East, and Australia, expressed particular frustration with how the proposal was communicated. In correspondence to member associations, AFC President Sheikh Salman bin Ebrahim Al Khalifa characterized the announcement process as unacceptable, noting that confederations had not been consulted beforehand. Following FIFA's decision to scrap the initiative, Sheikh Salman issued a statement welcoming the reversal while emphasizing the importance of inclusive governance.

Sheikh Salman's position reflects a broader expectation among regional football bodies that major decisions affecting global football should involve transparent dialogue with confederations, FIFA's council, member associations, and other relevant parties. He stressed that the future direction of international football must be determined through proper consultation and respect for established governance frameworks. The AFC's response underscores the significance of stakeholder engagement in decisions with potential implications for the sport's structure and financial arrangements.

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Written by Bell Data Intelligence · based on reporting by Al Jazeera.Read the original ↗
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