Business & Markets
Gianni Infantino faces CONCACAF call for reckoning
Gianni Infantino faced new pressure on August 1 after CONCACAF called for “a comprehensive reckoning with this presidency” and UEFA said FIFA's leadership had lost its confidence, even after FIFA abandoned a private-investment plan for World Cup-related business.
FIFA said the proposal “will not proceed” after opposition from major football bodies. UEFA had threatened to boycott FIFA competitions if the plan went ahead.
FIFA had floated the plan earlier in the week, saying it could raise up to $4.2 billion based on a $20 billion valuation for a proposed commercial subsidiary called FIFA Forward Enterprise. FIFA said the subsidiary could run events such as the World Cup and Club World Cup.
If approved, FIFA said the project could have given each of its 211 member associations a one-off payment of $20 million in early 2027 and increased their funding allocation for the 2027-2030 cycle from $8 million to $20 million.
Infantino said FIFA's purpose was “to unite and improve” and that the proposal would not proceed after it created divisions that were no longer in the interest of the original objective.
UEFA welcomed the withdrawal but accused Infantino of pursuing a “shabby, back room, opaque deal”. It said FIFA's current leadership had lost its confidence and that of many other members of the football family.
CONCACAF, whose members include the United States, Canada and Mexico, criticised what it called Infantino's “poor governance and leadership”. It said the plan had advanced outside established governance frameworks and without transparency, consultation or due process.
The Asian Football Confederation said any initiative affecting global football should be presented and discussed with confederations, the FIFA Council, member associations and other stakeholders in a timely, transparent and meaningful way.
The English FA called for “a full and robust review of FIFA's leadership and governance”. The German FA called for a different culture at FIFA, saying decisions should again be discussed and made by members within governing bodies.
Senior FIFA adviser Carlos Cordeiro resigned on Friday, calling the idea a bad deal for member associations, football and the long-term future of the game. CONMEBOL had requested more information about the proposal's scope, structure, governance and possible effects.
Infantino received support from Moroccan federation president Fouzi Lekjaa, who praised his decision to scrap the plan as a wise move in the interests of unity and cohesion. Lekjaa also said he backed Infantino's initiatives aimed at developing world football.
Infantino, who hopes to be re-elected next year for a final term, said he would focus on restoring harmony while continuing efforts to grow the game.
Update
CONCACAF called for “a comprehensive reckoning with this presidency” and criticised Gianni Infantino's governance and leadership.
CONCACAF said the proposal followed a pattern of missteps and advanced without transparency, consultation or due process.
Moroccan federation president Fouzi Lekjaa backed Infantino and praised the decision to drop the plan as a wise move for unity and cohesion.
Source note: AFP news report published on 1 August 2026 at 18:20:24 UTC.
Update
The English FA called for a full and robust review of FIFA's leadership and governance.
The German FA called for a complete change of culture within FIFA.
UEFA said FIFA's current leadership had lost its confidence and that of many other members of the football family.
Source note: AFP news report published on 1 August 2026 at 15:03:07 UTC.
Update
FIFA president Gianni Infantino said the private investment proposal would not proceed.
UEFA welcomed the withdrawal but said FIFA's current leadership had lost its confidence and that of many other football family members.
The Asian Football Confederation also welcomed the withdrawal and called for timely, transparent and meaningful consultation on any initiative affecting global football.
Infantino said he would try to bring interested parties back together in the coming days and weeks.
Source note: AFP news report published on 1 August 2026 at 11:40:25 UTC.
Update
The Asian Football Confederation joined UEFA and CONCACAF in opposing FIFA's proposed private investment plan.
Senior FIFA adviser Carlos Cordeiro resigned and said he opposed the proposal.
The AFC said the possibility of a World Cup boycott entering public discussion should concern people who care about football's future.
Source note: AFP news report published on 31 July 2026 at 10:56:51 UTC.
Uncertainty notes
The formal approval process that would have applied to the withdrawn proposal is not specified.
The financial figures described by FIFA were conditional estimates tied to a proposal that FIFA says will not proceed.
Source
AFP news report published on .