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Infantino sorry for errors but stays Fifa president

Gianni Infantino will remain as Fifa president after receiving the backing of senior executives, but "sincerely apologises" for errors made in his controversial private investment plans.

Infantino sorry for errors but stays Fifa president

Gianni Infantino, the current Fifa president, has apologized for errors in his controversial plans to sell stakes in competitions to private investors but will retain his position following endorsement from senior executives. Infantino met with the management board in Morocco to address mounting criticism of his aborted proposals.

The European football governing body, Uefa, expressed loss of confidence in Infantino, labeling the proposal a "shabby, back room, opaque deal." Despite the criticism, Infantino and his secretary general, Mattias Grafstrom, reaffirmed their support for him as president. Infantino offered $40m (£30m) to associations in exchange for their backing of a private investment proposal for tournaments, including the World Cups.

Fifa acknowledged mistakes in the proposal and stated it will no longer tolerate attacks on its integrity. Uefa has threatened legal action against Fifa, and several member associations have withdrawn support for Infantino's re-election.

Written by urgent.news from BBC Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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