Uefa consider opening criminal proceedings against Gianni Infantino over World Cup sell-off plan
The Fifa president is accused of ‘criminal mismanagement’ following his failed plan to sell off commercial stakes in the World Cup
UEFA may bring criminal charges against Fifa president Gianni Infantino over the president's plan to sell a 20 percent stake in the World Cup to private investors, according to a 56-page document filed by UEFA's lawyers in a federal court in the United States. The document accuses Infantino of "criminal mismanagement" and alleges that the plan represented an "absurdly low enterprise value."
UEFA is also seeking to determine whether Infantino and other Fifa officials breached FIFA's statutes and bypassed its governance regulations by concealing the proposal from key stakeholders. The Fifa president's plan to sell the stake for $4.2 billion was rejected by UEFA, who threatened to boycott the World Cup and other FIFA competitions.
The plan was ultimately abandoned after UEFA called off its boycott after receiving assurances from FIFA that it would not attempt to sell off stakes in its competitions again.
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