The Prague Post - FIFA plan hit by senior advisor resigning, AFC opposition

EUR -
AED 4.248565
AFN 75.785455
ALL 92.840476
AMD 423.075589
ANG 2.070526
AOA 1061.996261
ARS 1725.818393
AUD 1.633312
AWG 2.083792
AZN 1.954527
BAM 1.956956
BBD 2.328917
BDT 141.935094
BGN 1.962456
BHD 0.436084
BIF 3456.851777
BMD 1.156859
BND 1.479063
BOB 13.475963
BRL 5.988133
BSD 1.156353
BTN 110.278162
BWP 15.578148
BYN 3.517091
BYR 22674.428015
BZD 2.325474
CAD 1.604927
CDF 2629.539733
CHF 0.938814
CLF 0.02684
CLP 1056.281293
CNY 7.800927
CNH 7.799211
COP 3615.854016
CRC 520.238881
CUC 1.156859
CUP 30.656752
CVE 110.334964
CZK 24.202642
DJF 205.901665
DKK 7.475539
DOP 67.684089
DZD 153.61445
EGP 58.162455
ERN 17.352879
ETB 187.043321
FJD 2.560649
FKP 0.857206
GBP 0.854485
GEL 3.019582
GGP 0.857206
GHS 12.661481
GIP 0.857206
GMD 85.034506
GNF 10157.440905
GTQ 8.822289
GYD 241.862914
HKD 9.07828
HNL 30.998192
HRK 7.535311
HTG 151.248523
HUF 362.438588
IDR 20581.670858
ILS 3.411651
IMP 0.857206
INR 110.363672
IQD 1514.786725
IRR 1590203.33482
ISK 142.18916
JEP 0.857206
JMD 183.119283
JOD 0.820194
JPY 183.914485
KES 149.685774
KGS 101.167326
KHR 4678.764619
KMF 493.978398
KPW 1041.173055
KRW 1632.009301
KWD 0.357099
KYD 0.963628
KZT 536.559512
LAK 26096.420024
LBP 103542.882097
LKR 384.780644
LRD 209.876713
LSL 18.705915
LTL 3.415903
LVL 0.699772
LYD 7.362732
MAD 10.724893
MDL 20.051061
MGA 4977.941399
MKD 61.570106
MMK 2428.724962
MNT 4161.604965
MOP 9.345722
MRU 46.43584
MUR 54.488414
MVR 17.873537
MWK 2004.984719
MXN 19.662472
MYR 4.727036
MZN 73.934634
NAD 18.705753
NGN 1573.385539
NIO 42.557354
NOK 10.932891
NPR 176.455943
NZD 1.964086
OMR 0.444809
PAB 1.156283
PEN 3.900107
PGK 5.194339
PHP 70.990603
PKR 321.170209
PLN 4.306331
PYG 6940.100812
QAR 4.215309
RON 5.242535
RSD 117.340344
RUB 97.26666
RWF 1700.407637
SAR 4.346577
SBD 9.311072
SCR 15.884866
SDG 694.692625
SEK 11.000209
SGD 1.478587
SHP 0.857077
SLE 28.34026
SLL 24258.744935
SOS 660.830462
SRD 43.639594
STD 23944.636756
STN 24.51597
SVC 10.117416
SYP 15041.475047
SZL 18.704184
THB 38.318633
TJS 10.678009
TMT 4.060574
TND 3.390103
TOP 2.785438
TRY 55.395282
TTD 7.834103
TWD 36.955268
TZS 3065.278426
UAH 51.727948
UGX 4295.798263
USD 1.156859
UYU 46.329578
UZS 13765.252691
VES 890.907313
VND 30250.116375
VUV 137.217304
WST 3.162453
XAF 656.344825
XAG 0.017805
XAU 0.000265
XCD 3.126468
XCG 2.083957
XDR 0.817959
XOF 656.378888
XPF 119.331742
YER 274.412202
ZAR 18.699005
ZMK 10413.115684
ZMW 21.852913
ZWL 372.507988
  • BCC

    -0.4600

    83.67

    -0.55%

  • RBGPF

    -0.8200

    71.34

    -1.15%

  • CMSC

    0.0050

    21.48

    +0.02%

  • GSK

    -0.8785

    49.12

    -1.79%

  • JRI

    0.1045

    12.651

    +0.83%

  • BCE

    0.1150

    23.435

    +0.49%

  • RIO

    -0.3300

    95.76

    -0.34%

  • CMSD

    0.0000

    21.59

    0%

  • NGG

    -0.3050

    80.895

    -0.38%

  • BTI

    -0.3400

    57.01

    -0.6%

  • RYCEF

    0.0100

    20.72

    +0.05%

  • RELX

    -0.1250

    34.545

    -0.36%

  • AZN

    -1.8900

    155.35

    -1.22%

  • VOD

    0.1250

    16.345

    +0.76%

  • BP

    0.2696

    42.58

    +0.63%

FIFA plan hit by senior advisor resigning, AFC opposition
FIFA plan hit by senior advisor resigning, AFC opposition / Photo: FRANCK FIFE - AFP

FIFA plan hit by senior advisor resigning, AFC opposition

The Asian Football Confederation (AFC) joined UEFA and CONCACAF in condemning world football's governing body FIFA's proposed private investment plan, saying on Friday they were alarmed it had reached the point a "World Cup boycott has entered public discourse".

Text size:

A damaging blow to FIFA president Gianni Infantino came with the later resignation of a senior advisor Carlos Cordeiro, who issued an excoriating statement.

"As a senior advisor to the FIFA president, a former banker, and a lifelong football fan, I cannot stand by while FIFA considers selling a stake in the World Cup," wrote Cordeiro, a former head of the US Soccer Federation.

"Let me be clear: I had no involvement in this proposal, and I oppose it unequivocally.

"It is a bad deal for FIFA's member associations, a bad deal for football, and a bad deal for the long-term future of the game."

His resignation and the AFC statement came hours after FIFA vowed to press ahead with an "open and democratic" consultation on the plan.

The statement followed a pledge by Europe's governing body UEFA to boycott the World Cup if FIFA went ahead with its plan which set alarm bells ringing within the AFC.

"The AFC stands in solidarity with UEFA and CONCACAF in expressing serious concerns over FIFA's proposal," the Kuala Lumpur-based body said in a statement.

"The fact that the situation has reached the point where the real possibility of a FIFA World Cup boycott has entered public discourse should concern everyone who cares about the future of our game," said the AFC, which represents 47 member nations, including Australia, China, Japan and Saudi Arabia.

FIFA said in a statement all of its member associations should have a chance to consider the plan.

"Nobody is selling football," it said.

"This is not something FIFA would ever entertain."

It also said it had heard feedback from UEFA and CONCACAF, the governing body for football in North and Central America, which said all 41 of its member associations had rejected FIFA's proposal to sell a stake in the business operations of the World Cup.

The world body also said its planned consultation process had been "disrupted by incorrect media reports".

"We respect the feedback and concern aired in public and reaffirm our commitment to an open and democratic consultation," FIFA's statement said.

"We will proceed with this consultation process to ensure that each (member association) has the ability to express its vote based on facts," it said.

FIFA has said the plan it announced on Tuesday could raise up to $4.2 billion based on a valuation of $20 billion for the FIFA Forward Enterprise (FFE), the commercial subsidiary it proposed to run events such as the World Cup and Club World Cup.

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 $8.0 million to $20 million.

Private investors would be allowed under the proposal to acquire stakes in the company but would remain minority shareholders.

- 'Time for a hydration break' -

UEFA said in an earlier statement none of its national teams would participate in any FIFA competition "for so long as these proposals remain alive".

"The World Cup cannot be treated as an investment product... No part of it should ever be surrendered to private investors. The World Cup is not for sale," it said.

Infantino had described the initiative on Wednesday as a "golden opportunity to turbocharge the development of the game globally".

However, UEFA president Aleksander Ceferin, who boycotted the World Cup final to show unhappiness with FIFA, said there was no place in world football for such a model.

"Football's future cannot be dictated by the expectations of those whose first duty is to maximise financial return," he said.

"Nor can the interests of national associations, leagues, clubs, players and supporters become subordinate to investor returns. Football cannot mortgage its future for financial gain."

The European Union praised UEFA on Thursday for "defending the integrity of the game".

UEFA also received the stamp of approval from Chelsea's Spanish coach Xabi Alonso, who was a member of the 2010 World Cup-winning side.

"We have seen a great World Cup, and some things they (should) stay the same way. So it's good to defend the interests from other people," he said in Sydney, where the London club are on a pre-season tour.

CONCACAF members, including the three co-hosts of the recent World Cup, unanimously rejected the proposal on Thursday.

On a lighter note a beer brand that is a major UEFA sponsor posted an advert with the line 'Time for a hydration break, Gianni? Probably,' referring to the pauses in each half for the players at the World Cup.

H.Vesely--TPP