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Gianni Infantino - Infantino's senior advisor Cordeiro resigns following proposal to sell FIFA stake - channelnewsasia.com

Infantino's senior advisor Cordeiro resigns following proposal to sell FIFA stake

July 31 : Carlos Cordeiro, senior advisor to FIFA president Gianni Infantino, resigned with immediate effect on Friday in protest at proposals to sell a stake in the World Cup, calling the plan "a bad deal for football".

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Gianni Infantino - Asia confederation backs UEFA, CONCACAF opposition to FIFA World Cup sale plan - channelnewsasia.com - Usa

Asia confederation backs UEFA, CONCACAF opposition to FIFA World Cup sale plan

The Asian Football Confederation said on Friday (Jul 31) it "stands in solidarity" with regional bodies UEFA and CONCACAF in opposing plans to sell a stake in the World Cup to private investors but stopped short of threatening to boycott events run by FIFA, global soccer's governing body.

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Gianni Infantino - International - FIFA defends World Cup private equity plan: 'Nobody is selling football' - ESPN - espn.com - Britain - Poland

FIFA defends World Cup private equity plan: 'Nobody is selling football' - ESPN

FIFA defended its proposed World Cup private equity venture early Friday and said that «nobody is selling football» after broad criticism of the plan across international soccer.

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International - AC Milan and Italy great Franco Baresi dies aged 66 - breakingnews.ie - Italy - Brazil

AC Milan and Italy great Franco Baresi dies aged 66

Former AC Milan and Italy defender Franco Baresi has died aged 66.

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FIFA vows to go ahead with private investor proposal - arabnews.com

FIFA vows to go ahead with private investor proposal

PARIS: World football’s governing body FIFA vowed on Friday to press ahead with an “open and democratic” consultation on a proposed private investment plan despite widespread opposition to the proposal. That opposition included a pledge by Europe’s governing body UEFA to boycott the World Cup if FIFA went ahead with its private investor plan. 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

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Former AC Milan and Italy defender Baresi dead at 66 - channelnewsasia.com - Italy - Brazil

Former AC Milan and Italy defender Baresi dead at 66

ROME, July 31 : Former AC Milan and Italy defender Franco Baresi, one of the most recognisable players of the golden era of Italian football in the 1980s and 1990s, has died at the age of 66, his former club said on Friday.

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Defiant FIFA doubles down on private investment plan, says 'nobody is selling football' - channelnewsasia.com - Spain - Switzerland

Defiant FIFA doubles down on private investment plan, says 'nobody is selling football'

July 31 : FIFA said on Friday it would push ahead with consultations on a plan to bring private investment into the World Cup and its other tournaments, after Europe's football federation threatened a boycott and other regional confederations issued stinging rebukes of the plan.

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CONCACAF rejects FIFA World Cup Stake sale proposal, Mexico says it will review plan - channelnewsasia.com - Mexico

CONCACAF rejects FIFA World Cup Stake sale proposal, Mexico says it will review plan

July 30 : CONCACAF rejected FIFA's World Cup stake sale proposal during a meeting on Thursday but stopped short of following UEFA's plan to boycott the global showcase, while the Mexican Football Federation (FMF) said it would study the proposal before deciding its position.

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