UEFA launches attack on FIFA President Gianni Infantino after withdrawal of investment plan: ‘He failed to deliver’
UEFA released a statement on Saturday expressing that confidence in FIFA has been shaken after FIFA withdrew a proposal to create a commercial entity valued at USD 20 billion, which would have sold a minority stake to private investors.
UEFA, along with CONCACAF and the Asian Football Confederation (AFC), had publicly rejected the proposal championed by FIFA President Gianni Infantino.
UEFA stated that FIFA's leadership has lost its confidence and that of many other members, and called for a thorough review to ensure such a situation does not recur.
The proposal involved establishing a commercial entity to manage competitions including the FIFA World Cup, but was scrapped due to widespread opposition.
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