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FIFA launches $20 B World Cup subsidiary, sparks global backlash.

7/29/2026

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Story summary
  • Gianni Infantino announced a $20 billion FIFA subsidiary to run the World Cup, offering up to 20% equity to private investors.
  • UEFA condemned the scheme as putting the game’s soul up for sale.
  • Javier Tebas, CONCACAF and the Asian Football Confederation all criticized the plan, with Tebas saying FIFA is “destroying” football, CONCACAF decrying due-process flaws, and the AFC noting it learned of the scheme only after the announcement.