The value of the deal was estimated at about $20 billion, with the aim of raising about $4.2 billion by selling a stake of up to 20% to private investors.
But the proposal faced sharp criticism from the three continental federations, which saw it as a “fundamental breach of trust” and a failure in transparency, consultation and governance. Because of this anger, Infantino was forced to withdraw his plan.
This move comes in light of mounting pressure on Infantino, as Kevin Lamour, FIFA’s chief operating officer, left this week after criticizing the investment plan and saying that employees had been “deceived.” FIFA Vice President Sandor Chaani also withdrew his support, considering Lamour’s departure “the straw that broke the camel’s back.”
FIFA regulations stipulate that the Council can hold an extraordinary conference if one fifth of the 211 member associations submit a written request, provided that the conference is held within 3 months. The FIFA statute does not contain a specific clause governing a vote of no confidence in the president.
However, opponents face major obstacles, as Infantino enjoys significant support from member federations, most notably the Confederation of African Football (CAF), and is also supported by 6 Arab federations.
A close ally of Infantino expressed confidence that he still has the support of the overwhelming majority of members. There are fears that the failure of the vote may strengthen Infantino’s position before the elections scheduled for May 2027.
