Infantino offers $40m to support FIFA investment plan

FIFA president Gianni Infantino has sent a letter to all 211 member associations. He is offering up to $40 million (£30 million) to those who support his plan to sell shares in FIFA's major competitions.

In a five-page letter seen by the BBC, Infantino stated that associations that approve the plan by September 19 would qualify for an initial $20 million (£15 million) starting from January 1, 2027. Another $20 million would follow later.

The plan includes creating a new commercial branch called FIFA Forward Enterprise. This branch would manage key competitions like the men’s and women’s World Cups and the Club World Cup. Outside investors would be allowed to buy minority shares in this new company.

Infantino believes this move could raise up to $10 billion (£7.52 billion) to boost football development globally.

“It is my duty and responsibility as FIFA president to present such opportunities to you, our members,” Infantino wrote.

He added, “It is equally my duty and responsibility to ensure such proposals are complete and feasible, with clear figures and terms to help you in the decision-making process.”

FIFA said the initial funding would come from “liquidating a minority portion” of its stake in FIFA Forward Enterprise.

But this proposal has faced strong pushback from various football bodies. Critics are worried about the governance process and how private investors could influence major competitions.

The Football Association mentioned it was not consulted before the proposal was announced. They also raised concerns about the lack of transparency.

“We were completely unaware of this proposal and have no details, including what it actually is and what conditions are attached,” an FA spokeswoman said.

“Based on the limited information, we are deeply concerned about the lack of process and governance to reach this point, as well as the apparent substance and principles involved.

“When FIFA shares the proposal fully and transparently as promised, we will express our views and comment further.”

This news comes less than a day after FIFA’s plan drew widespread criticism from football authorities in Europe, Asia, and North America. Many opponents warned it could change the future governance and commercial aspects of the game.

PUNCH Online reported that UEFA’s 55 member associations will hold an emergency meeting later this week to discuss FIFA’s controversial plan to sell stakes in its major competitions to outside investors.