Infantino’s senior advisor quits over World Cup sale scandal detailing ‘extraordinary financial resources’
· Yahoo Sports
FIFA’s plan to try and sell off a portion of the World Cup to private investors has backfired.
Following the conclusion of the 2026 tournament in North America, it emerged that Gianni Infantino was looking to secure a $20 billion sale of the competition’s commercial rights, with one investor group linked to Donald Trump’s family thought to have been involved.
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However, in the days since the news broke, a number of football federations, including all 55 UEFA nations, have come out and opposed the plan.
Now, Carlos Cordeiro, Infantino’s senior advisor, has left his role over the plan.
Photo by Harry Langer/DeFodi Images/DeFodi via Getty ImagesGianni Infantino’s advisor says ‘FIFA already has access to extraordinary financial resources’
As shared by various outlets including The Times, Cordeiro has released a statement confirming his exit.
He stated: “As a senior adviser to the FIFA president, a former banker, and a lifelong football fan, I cannot stand by while FIFA considers selling a stake in the World Cup.
“Let me be clear: I had no involvement in this proposal, and I oppose it unequivocally.
“It is a bad deal for FIFA’s Member Associations, a bad deal for football, and a bad deal for the long-term future of the game.”
He continued: “Football has been central to my life, and after more than 35 years in banking, I understand both the value of this asset and the consequences of giving part of it away.
“That is why this proposal should be rejected.”
The now former advisor went on to mention the extraordinary financial resources FIFA already has access to.
Cordeiro stated: “FIFA already has access to extraordinary financial resources.
“The organisation sits on billions of dollars in reserves and no debt.
“Against that backdrop, selling a permanent stake in football’s most valuable asset to raise $4.2bn makes little sense. It is mortgaging football’s future without any compelling justification.”
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