Fifa must rebuild trust after scrapping World Cup investor proposal
Former vice-president Jim Boyce criticises the proposal as 'ludicrous', saying football's governing body should focus on fans.
FIFA has proposed raising up to US$4.2 billion by selling a 20% stake in a new entity overseeing its competitions, including the World Cup. However, the proposal has drawn backlash from UEFA and FIFA's inner circle, with UEFA threatening to boycott FIFA events and accusing the organization of putting the sport's "soul" up for sale.
Former FIFA vice-president Jim Boyce called for FIFA to focus on the interests of fans and rebuild trust, stating that the average football fan has been "sickened" by the proposal and that the organization needs to generate billions of dollars to support soccer development worldwide without outside investors.
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- FIFA backs off World Cup private equity pitch after global fury: 5 things to know thehill.com
- Infantino under growing pressure after FIFA scraps World Cup investor proposal france24.com
- Infantino’s $20 billion FIFA plan collapses and now he faces a European mutiny over the future of the World Cup fortune.com
- FIFA drops proposed $20bn commercial venture after opposition derails private investment plan privateequitywire.co.uk
- FIFA’s Infantino Scrambles To Save Job After World Cup Equity Plan Backfires forbes.com
- Fifa’s Infantino sought Trump’s backing after failed World Cup sell-off plan freemalaysiatoday.com
- Uefa threatens Fifa with legal action over investment plan bbc.co.uk
- English FA to withdraw support for Gianni Infantino after scrapped World Cup sell-off sports.yahoo.com
