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Why is FIFA selling the World Cup? Gianni Infantino’s controversial plan explained

Less than two weeks after what was considered a successful World Cup, FIFA is drawing the wrong kind of headlines.

FIFA president Gianni Infantino has brought forth a proposal to all of its 211 member associations to raise $20 billion through private investment by selling stakes in the top FIFA-run tournaments. That would include both the men’s and women’s World Cups.

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The backlash has already started from confederations, including UEFA, which governs European soccer. But while calls to reject the plan have been loud, all Infantino needs is 106 of 211 votes to move forward. The cash infusion for bigger member associations, like Spain, France and England, among many others, is nothing compared to what the money could do for smaller countries looking to further develop the programs in their respective countries.

Here’s a rundown of what’s at stake and what could happen next.

Infantino, who has been in charge of FIFA since 2016, wants to sell stakes in the World Cup to private investors, including Joshua Kushner, the brother of U.S. President Donald Trump’s son-in-law Jared Kushner. The transaction would be done through Thrive Capital, a venture-capital firm.

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Should the plan be approved, a company known as FIFA Forward Enterprise would then control selling media rights, sponsorships and tickets for the top men’s and women’s competitions, including World Cups. FIFA would govern the game itself, while maintaining an 80% share with the Thrive group shelling out $4.2 billion for its 20% stake.

From all this, Infantino would reportedly stand to gain tens of millions of dollars.

FIFA President Gianni Infantino and President Donald Trump presented the World Cup trophy to champion Spain on July 19. (MAURICE VAN STEEN / ANP via Getty Images)

(ANP via Getty Images)

Each of FIFA’s 211 member associations would be guaranteed a one-time payment of $20 million — up from its regular $8 million payout via the FIFA Forward Program — by green-lighting Infantino’s idea. By 2038, another $66 million via three separate payments would be on its way to those bank accounts.

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The deadline to make a decision is Sept. 19.

“We want to generate more revenues, and we have to generate more revenues, because in the vast majority of the world, in 80% of the world, if we don’t invest, if we don’t believe … nobody will,” Infantino told member associations a day before the 2026 World Cup Final. If not, “the concentration will always go to a few, big [countries], and we will remain as we are.”

Based in Switzerland, FIFA is a non-profit association, which means they are not taxed like regular companies. While money generated is reinvested into developing the sport around the world, FIFA reportedly has about $4 billion in reserves.

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FIFA has said it expects to bring in $15 billion in revenue from the 2023-26 World Cup cycle.

Crédito: Link de origem

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