Inside FIFA’s failed US$4.2bn World Cup rights plan: How Infantino’s biggest gamble became his biggest crisis

RABAT, Morocco — 6 August 2026, FIFA president Gianni Infantino has apologised to the organisation’s 211 member associations after a failed attempt to sell a stake in the commercial rights to the World Cup triggered the deepest governance crisis of his decade-long presidency, exposing divisions within world football and raising fresh questions about transparency, political influence, and the future direction of the sport.

The apology followed an emergency meeting in Rabat, Morocco, attended by Infantino, FIFA secretary-general Mattias Grafström, and members of FIFA’s management board, after days of mounting opposition from continental confederations, national associations, and senior figures inside the organisation. Despite the turmoil, FIFA said its management board reaffirmed its support for Infantino while acknowledging that the proposal had been mishandled.

In a letter jointly signed by Infantino and Grafström, FIFA admitted that “mistakes were made” and apologised for failing to properly consult member associations before unveiling the plan.

“It was certainly not the intention for the FIFA Council and FIFA Member Associations to feel excluded from the process and it should have been handled differently,” the letter said.

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It added: “We sincerely apologise for these errors and commit to them not happening again.”

A $4.2 billion plan that unravelled

At the centre of the controversy was FIFA Forward Enterprise (FFE), a proposed commercial subsidiary that would have controlled the governing body’s most valuable assets, including the men’s and women’s World Cups and other FIFA competitions.

FIFA planned to sell roughly a 20% stake in the new entity for an estimated US$4.2 billion while retaining majority ownership, arguing that the structure would unlock new investment and create long-term commercial growth. The proposed company itself was valued at around US$20 billion.

Instead, the proposal collapsed within days.

UEFA condemned the plan, saying that “the soul and governance of football are not assets to trade” and declaring: “None of us are the owners of football. It is not FIFA’s to sell.” while Europe’s 55 member associations unanimously backed plans to boycott FIFA competitions if the proposal proceeded. The Asian Football Confederation (AFC) and CONCACAF also criticised FIFA, saying they had learned about the proposal through media reports rather than official consultation.

The backlash ultimately forced Infantino to abandon the proposal before it could proceed further.

Political connections fuel scrutiny

Beyond governance concerns, the proposal attracted political attention because the reported investor group was to be led by Thrive Capital, the investment firm founded by Joshua Kushner, whose brother Jared Kushner served as senior adviser and son-in-law to former US president Donald Trump.

Reuters reported that Infantino personally met prospective investors before many senior football officials were informed of the proposal, intensifying criticism that normal consultation processes had been bypassed. While neither FIFA nor Reuters has alleged any wrongdoing by the prospective investors, the reported political connections amplified concerns over transparency and decision-making within the organisation.

The controversy also renewed scrutiny of Infantino’s close relationship with Trump, which had already attracted attention during the 2026 World Cup. Sports marketing analysts told Reuters that the Kushner connection worsened the public perception of the proposed deal, even without evidence of improper conduct.

Allies distance themselves

Arsène Wenger, FIFA’s chief of global football development, said he was not involved in the proposal’s development after criticism intensified.

Carlos Cordeiro, the former president of US Soccer and one of Infantino’s senior advisers, resigned during the crisis after the proposal saying he could not “stand by while FIFA considers selling a stake in the World Cup”. His departure marked one of the highest-profile casualties of the controversy inside FIFA’s leadership.

Governments weigh in

The dispute also spilled beyond football administration into international politics.

Canadian Prime Minister Mark Carney said he had lost confidence in Infantino’s leadership, describing the handling of the proposal as a serious governance failure after learning that senior FIFA officials had not been properly consulted.

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Photo CTV via AP

Carney also praised CONCACAF president Victor Montagliani as someone who had demonstrated stronger leadership during the crisis, an unusually direct intervention by the leader of one of the 2026 World Cup’s co-host nations.

Renewed backing after Rabat

Despite the backlash, Infantino emerged from Wednesday’s emergency meeting in Rabat with a public vote of confidence from FIFA’s leadership.

In their joint letter, Infantino and FIFA secretary-general Mattias Grafström said the governing body’s management board had unanimously reaffirmed its “full support” for the FIFA president after reviewing the failed proposal. FIFA also confirmed that the FFE plan was now “off the table” and pledged to review how major commercial initiatives are developed and presented to member associations in future.

The show of unity eased the immediate pressure on Infantino after several days in which European football bodies openly questioned his leadership. However, the controversy has exposed deep divisions within FIFA over governance, transparency, and the role of private investment in the commercial future of the World Cup.

Infantino’s toughest political test

FIFA’s next presidential election is scheduled for March 2027 in Rabat, with candidates required to submit their nominations by 18 November 2026. Infantino is widely expected to seek a fourth term.

Although Infantino continues to enjoy significant support among many African, Oceanian, and Asian member associations, the abandoned FFE proposal has become the the biggest challenge of his presidency since he took office in 2016.

Several European football associations have already withdrawn their support ahead of next year’s election, while UEFA is reportedly seeking an alternative candidate to challenge him. However, no formal challenger has yet emerged, leaving Infantino with a viable, though increasingly uncertain, path to a fourth term.

Under FIFA’s one-member, one-vote system, each of the organisation’s 211 member associations has equal voting power regardless of footballing stature. That structure has historically favoured incumbents with broad support beyond Europe, meaning Infantino remains well placed politically despite the controversy.

Whether the failed World Cup rights proposal proves to be a temporary setback or the beginning of a broader challenge to his leadership may become clearer once the nomination deadline passes in November. For now, the controversy has left lasting questions over how FIFA balances commercial ambition with transparency and accountability in governing the world’s most popular sport.