UEFA Says It Has Lost Confidence in FIFA Leadership After Investment Plan Scrapped
European football's governing body UEFA has declared it has lost confidence in FIFA President Gianni Infantino's leadership, following the withdrawal of a controversial plan to sell stakes in FIFA competitions to private investors. The decision came after widespread opposition from regional confederations, including a unanimous rejection by UEFA's 55 members.
Scrapped Investment Plan
Infantino announced on Friday that FIFA would no longer proceed with the proposal to sell a 20 percent stake in a new unit that would run FIFA events, including the men's and women's World Cup, to private investors. The plan, which aimed to raise up to €3.4 billion, had triggered a backlash from regional confederations who said they were unaware of the proposal.
UEFA, which had voted on Thursday to boycott FIFA events if the plan went ahead, welcomed the decision to withdraw it, describing the outcome as "a victory for the whole game" in a statement released on Saturday.
UEFA's Statement
In its statement, UEFA accused Infantino of failing to deliver on promises made when he campaigned for the FIFA presidency in 2016. The statement quoted Infantino's earlier remarks: "Of course we have to be transparent. The money of FIFA is your money. It's not the money of the FIFA president. You are the national associations and the money of FIFA has to serve for the development of football and not for anything else."
UEFA added: "The current FIFA leadership has not only lost Uefa's confidence but also that of many other members of the football family. ... The shabby, back room, opaque deal he hatched and tried to force through were anything but transparent."
Reactions and Fallout
The climbdown has raised questions about Infantino's future as FIFA president. The 56-year-old took over in 2016 from Sepp Blatter, was re-elected unopposed twice, and appeared to be cruising toward a fourth term between 2027 and 2031.
Sports marketing analyst Bob Dorfman told Reuters news agency that Infantino "has obviously been kind of egomaniacal in everything that he's done," adding, "I know that he's rubbed many of the member associations the wrong way with some of his decisions."
Finland became the first nation to publicly withdraw its support for Infantino, followed by Wales and England. Germany's FA (DFB) has yet to officially withdraw its support, but its director Andreas Rettig recently told Stern magazine that Infantino's recent actions were problematic.
What's Next?
The FIFA presidential election is scheduled for March 18, 2027, with Infantino expected to run for a final four-year term. Potential candidates to succeed him include Nasser Al-Khelaifi, Alexander Ceferin, and Victor Montagliani.
Meanwhile, UEFA says it wants to work with partners and stakeholders to propose new ways of distributing resources through the existing FIFA Forward Programme. With the boycott off the table, attention now turns to the U20 Women's World Cup starting September 5 in Poland and the U17 Women's World Cup in October in Morocco, which will serve as the first tests of life after the scrapped investment plan.