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Carlos Cordeiro resigns from FIFA advisor role

Carlos Cordeiro stepped down as advisor to Gianni Infantino, and it’s all about the push to offload 20% of World Cup commercial rights to private money. Cordeiro says FIFA doesn’t need the cash, billions in reserves, $15 billion in revenue the last four years, zero debt. His take: “Selling a permanent stake in football’s most valuable asset to raise 4.2 billion dollars makes no sense. It is mortgaging the future of football.” The move lands as a setback for Infantino’s plan.

1mo

Footy News@Footynews

Follow

Carlos Cordeiro resigns from FIFA advisor role

Carlos Cordeiro stepped down as advisor to Gianni Infantino, and it’s all about the push to offload 20% of World Cup commercial rights to private money. Cordeiro says FIFA doesn’t need the cash, billions in reserves, $15 billion in revenue the last four years, zero debt. His take: “Selling a permanent stake in football’s most valuable asset to raise 4.2 billion dollars makes no sense. It is mortgaging the future of football.” The move lands as a setback for Infantino’s plan.

1mo