FIFA president Gianni Infantino has issued a letter to every national association offering the incentive of a $10 billion total package should they agree to his plan to effectively sell stakes in future World Cups to private investors, multiple reports have revealed. Failure to accept these terms in the next six weeks would result in investment of about a quarter of that sum.
It’s been a whirlwind few hours for the head of world soccer’s governing body. After his plan to create a subsidiary company which would actively seek out private investors to buy between 20 and 30% of shares in FIFA’s major tournaments going forward was broken by The Times, Infantino had to oversee a hurried 1,403-word official statement which offered little insight into this seismic scheme.
