• Advert Rates
  • Careers
  • About Us
  • Contact Us
  • Digital Store
Saturday, August 1, 2026
The Trumpet Newspaper Nigeria
No Result
View All Result
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition
No Result
View All Result
The Trumpet Newspaper Nigeria
No Result
View All Result
ADVERTISEMENT
Home Sports

Infantino Drops FIFA World Cup Investment Plan After Global Backlash

Paul Joseph by Paul Joseph
August 1, 2026
in Sports
Reading Time: 2 mins read
0
Infantino Drops FIFA World Cup Investment Plan After Global Backlash
0
SHARES
5
VIEWS
Share on FacebookShare on TwitterShare on LinkedinShare on WhatsAppShare on Pinterest

FIFA President Gianni Infantino has withdrawn his controversial proposal to sell a stake in the FIFA World Cup’s commercial rights following strong opposition from football governing bodies, senior FIFA officials and several member associations.

The decision, announced on Friday, ends plans to establish a $20 billion commercial company that would have managed the World Cup and other FIFA competitions with private investors holding a minority stake.

ADVERTISEMENT

In a statement, Infantino acknowledged that the proposal had become too divisive to continue.

“Having listened carefully to all the views, it has become clear that the project has created divisions of a nature that, regardless of the level of support, are no longer in the interest of the objective set out in the first place,” he said.

The proposal, unveiled earlier in the week, had sparked widespread criticism across world football. It sought to spin off FIFA’s commercial assets, including the men’s and women’s World Cups and Club World Cups—into a separate company valued at $20 billion, with private investors acquiring a 20 percent stake.

Among the reported investors was a New York-based investment firm founded by Joshua Kushner, brother of Jared Kushner, the son-in-law of U.S. President Donald Trump.

The backlash intensified after Carlos Cordeiro, a senior FIFA adviser and former president of the United States Soccer Federation, resigned in protest, saying he could not support the sale of a stake in the World Cup.

FIFA Chief Operating Officer Kevin Lamour also publicly criticised the initiative, alleging that senior staff had not been fully informed about the proposal and describing it as the project of one individual rather than the organisation.

Opposition also came from UEFA, whose 55 member associations threatened to boycott FIFA competitions, including the upcoming FIFA Women’s Under-20 World Cup in Poland, if the proposal proceeded.

In a strongly worded statement, UEFA argued that football’s premier competition should not be commercialised through private ownership, insisting that “some things are simply too important to sell.”

Read also:

  • FIFA Football ‘Not for Sale’ Infantino Insists On Investment Plan Amid Growing Opposition
  • WAFCON 2026 Shocker: Malawi Stun Super Falcons 3-2 in Five-Goal Thriller, Nigeria’s Title Defence in Trouble
  • Arsenal Close In On Newcastle Captain Bruno Guimaraes

The Confederation of North, Central America and Caribbean Association Football (Concacaf) and the Asian Football Confederation (AFC) also voiced their opposition, adding further pressure on FIFA to abandon the plan.

Following the reversal, Infantino said he intends to engage stakeholders in fresh discussions aimed at strengthening football development worldwide.

“Moving forward, my intent is to bring all interested parties back together in the coming days and weeks in the spirit of shared interest in our game, and with the objective to continue growing football everywhere, particularly in those countries that mostly need our support,” he said.

The abandoned proposal has been viewed as one of the biggest setbacks of Infantino’s presidency and could influence the political landscape ahead of FIFA’s next presidential election, scheduled to take place in Rabat, Morocco, in March 2027.

 

 

Previous Post

Charles Okocha Declared Winner After Portable Walks Out of Celebrity Boxing Match

Next Post

Nimrod Hails Customs CG Adeniyi’s Commitment To Volleyball Development

Paul Joseph

Paul Joseph

Next Post
Nimrod Hails Customs CG Adeniyi's Commitment To Volleyball Development

Nimrod Hails Customs CG Adeniyi's Commitment To Volleyball Development

About The Trumpet

The Trumpet is a Nigerian based national news media, owned, trademarked and operated by Elomaz Communications Limited with headquarters in FCT-Abuja and regional offices in Lagos and Delta States

Follow Us

Resources

  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition

Recent News

https://thetrumpet.ng/500-patients-benefit-from-national-association-of-seadogs-medical-outreach-in-rivers/

18 Rescued Chibok Schoolgirls Graduate From Skills Acquisition Programme, Receive Starter Kits, N1m Grant

August 1, 2026
500 Patients Benefit From National Association Of Seadogs Medical Outreach In Rivers

500 Patients Benefit From National Association Of Seadogs Medical Outreach In Rivers

August 1, 2026
  • Cookie Policy
  • Disclaimer
  • Contact us
  • About Us
  • Cookie Policy
  • Disclaimer
  • Contact us
  • About Us

© 2025 The Trumpet News Papers - Developed by VIS Nigeria.

No Result
View All Result
  • Home
  • News
    • Breaking News
    • Headlines
    • Metro
    • Health
  • Politics
  • Business
    • Ecommerce
    • Economy
    • Start-up
  • Entertainment
  • Sports
  • Opinion
    • Religion
    • Columnists
    • Contributors
    • Editorial
  • Global
    • Climate
    • Culture
    • Tourism
    • Technology
    • Weather
    • Social Media
  • e-Edition

© 2025 The Trumpet News Papers - Developed by VIS Nigeria.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT