FIFA President Gianni Infantino is facing increasing pressure over his controversial proposal to sell World Cup profits to private equity, as significant opposition mounts from various soccer bodies. The situation escalated on Friday when Carlos Cordeiro, Infantino's senior adviser and former U.S. Soccer Federation president, resigned from his position on the White House Task Force for the World Cup, labeling the $20 billion commercial subsidiary plan as “a bad deal for football.”

Cordeiro's Resignation and Opposition from UEFA

Cordeiro's resignation marks a significant moment in the ongoing crisis for FIFA, particularly as he was a close ally of Infantino. He stated, “I cannot stand by while FIFA considers selling a stake in the World Cup,” emphasizing his lack of involvement in the controversial investment plan that has drawn widespread criticism since its revelation. His departure coincided with UEFA's announcement that it would boycott all FIFA games and events unless the proposal is retracted. Additionally, North America's CONCACAF has also rejected Infantino's offer of $20 million payments to each member federation, further illustrating the growing discontent.

Asia's Stance Against the Proposal

In a notable shift, the Asian Football Confederation, previously a supporter of Infantino, has joined UEFA and CONCACAF in opposing the private equity plan. The AFC expressed solidarity with the two continental bodies, stating that “Football should never have been placed in such a position.” This alliance is significant, as the combined membership of UEFA and CONCACAF represents nearly half of FIFA's total member countries.

Infantino's proposal involves creating a $20 billion subsidiary that would manage FIFA's commercial operations, including the World Cups for both men and women, with 20% of the subsidiary owned by private investors. The plan has faced scrutiny not only from Cordeiro but also from various soccer organizations, indicating a potential crisis for Infantino's leadership.

As the backlash continues to grow, the future of Infantino's proposal remains uncertain, with calls for a reassessment of FIFA's management style becoming increasingly prominent.