• About
  • Advertise
  • Our Privacy Policy
  • Contact
Thursday, August 6, 2026
No Result
View All Result
  • Login
  • Register
MetrowatchXtra
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
No Result
View All Result
MetrowatchXtra
No Result
View All Result
Home Latest News

FIFA Back Infantino, Apologise for World Cup Privatisation Plan

Facing a barrage of criticism following the aborted plan, FIFA’s leadership acknowledged “errors”, while nonetheless backing under-fire Infantino following a crisis meeting in Morocco

Kemi Sheriepha by Kemi Sheriepha
August 6, 2026
0 0
0

FIFA president Gianni Infantino has received the “full support” of senior directors on Wednesday but world football’s governing body apologised for the controversy of the now-shelved plan to open the World Cup to private investment.

Facing a barrage of criticism following the aborted plan, FIFA’s leadership acknowledged “errors”, while nonetheless backing under-fire Infantino following a crisis meeting in Morocco.

Infantino has come under increasing pressure, even from within his organisation, over his handling of the proposal, and calls for him to step down had grown since he abandoned it last Saturday.

In a statement Wednesday, FIFA’s leadership acknowledged “that errors were also made after the proposal was leaked to media”.

FIFA floated the plan, saying it could raise up to $4.2 billion based on a valuation of $20 billion for a new commercial subsidiary, called the FIFA Forward Enterprise (FFE), which it proposed would run events such as the World Cup and Club World Cup.

READ ALSO  U.S: 85 Nigerians Face Deportation by President Trump

It said that, if approved, the project could provide each of FIFA’s 211 member associations with a one-off payment of $20 million in early 2027, and increase their funding allocation for the 2027-2030 cycle from $8 million to $20 million.

Instead of acting as a sweetener it produced a furious backlash, with European football’s governing body UEFA resorting on Thursday to the nuclear option of boycotting the sport’s jewel in the crown, the World Cup.

By Saturday, Infantino held his hands up and withdrew the plan.

“Our purpose has always been — and will always be — to unite and improve,” said Infantino.

After Wednesday’s meeting in Rabat, the FIFA Secretary General and members of the FIFA Management Board in attendance said in a statement they “reaffirmed their full support for FIFA President Gianni Infantino, as the only official elected by the 211 FIFA Member Associations”.

READ ALSO  BREAKING | Buhari Appoints ex-IG Arase as Chairman PSC, Seeks Senate's Confirmation

“The meeting also addressed the FIFA Forward Enterprise (FFE) proposal, where mistakes made were acknowledged,” the statement said.

“It was agreed that it was not the intention for the FIFA Council and FIFA Member Associations to feel excluded from the process and that the process should have been handled differently.

“It was further acknowledged that errors were also made after the proposal was leaked to media.

“In a separate letter to the FIFA Council and FIFA Member Associations, an apology was made for these errors together with a commitment to ensure they do not happen again.”

 

Metrowatchxtra

Tags: FIFAInfatino
Kemi Sheriepha

Kemi Sheriepha

RELATED POST

FIFA Suspends Nepal over Third-party Interference
Uncategorized

FIFA Issues Deadline to Members over Plan to Sell $4 bn Stake

by Kemi Sheriepha
July 29, 2026
0

A picture shows the FIFA logo during a press conference held by the president of the football’s governing body at...

Read moreDetails
Spain Suffocates Messi’s Argentina to Win the 2026 World Cup

Spain Suffocates Messi’s Argentina to Win the 2026 World Cup

July 20, 2026
FIFA Suspends Nepal over Third-party Interference

FIFA Suspends Nepal over Third-party Interference

June 25, 2026
Iran FA Pulls Out of FIFA Congress in Canada over Airport ‘Insult’

Iran FA Pulls Out of FIFA Congress in Canada over Airport ‘Insult’

April 29, 2026
Club World Cup: FIFA Strips Man City, Real Madrid, Man Utd of Titles

FIFA Rejects Iran’s Request to Relocate World Cup Games to Mexico 

April 13, 2026
FIFA Sanctions Nigeria, DR Congo over World Cup Play-Off Infractions

FIFA Sanctions Nigeria, DR Congo over World Cup Play-Off Infractions

March 16, 2026
Load More

APO

Recent Posts

  • EFCC can Freeze Accounts for 72 hrs Without Court Order, Says Spokesman
  • FIFA Back Infantino, Apologise for World Cup Privatisation Plan
  • Osun 2026: Reject APC over Poor Workers Welfare, Gov Adeleke to Voters
  • PRESIDENCY | Tinubu’s Policy Reforms Responsible for Strong Corporate Performance
  • Tinubu Welcomes Rescue of 308 Kwara, Niger Kidnap Victims

Recommended

Delta Assembly Approves Okowa’s Credit Facility Requests of N1.2Bn

Delta Assembly Passes Electric Power Sector Bill 2022

4 years ago
Buhari arrives Katsina ahead of Saturday’s Presidential Election

Buhari arrives Katsina ahead of Saturday’s Presidential Election

3 years ago
MetrowatchXtra

MetrowatchXtra is an online daily newspaper poised to act as a catalyst in our debate and desire for well-governed Nigeria and provide the much-needed platform for all, irrespective of social, religious or political divide, to express their views.
Metrowatchxtra Nigeria

  • About
  • Advertise
  • Our Privacy Policy
  • Contact

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Sports
  • Tech
  • Health

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved