FIFA scraps plans to bring in private investment following backlash | OneFootball

FIFA has scrapped its proposals to bring in private investment following backlash from other football governing bodies.

UEFA, the AFC (Asian Football Confederation), and CONCACAF (Confederation of North, Central America and Caribbean Association Football) were among those to hit out at the plans.

One of FIFA president Gianni Infantino’s advisers, Carlos Cordeiro, also resigned over the proposals.

And FIFA says they will now no longer go ahead.

“The FIFA Forward Enterprise project was intended to provide a basis for further strengthening our FIFA Member Associations and our sport worldwide, especially in those countries where support is most needed,” FIFA president Infantino said.

“And more so, as we said from the outset, to do this only if a majority of the FIFA Member Associations were in support and always subject to a consultation process with them, the FIFA Council, the Confederations and wider stakeholders.

“Having listened carefully to all the views, it has become clear that the project has created divisions of a nature that, regardless of the level of support, are no longer in the interest of the objective set out in the first place.

“Our purpose has always been – and will always be – to unite and improve.

“As a result, this proposal will not proceed.

“Moving forward, my intent is to bring all interested parties back together in the coming days and weeks in the spirit of shared interest in our game, and with the objective to continue growing football everywhere, particularly in those countries that mostly need our support.”