Football’s top institutions are locked in a financial power struggle, and the fight has quickly turned into a governance crisis. FIFA president Gianni Infantino has pushed a proposal to sell minority stakes in World Cup rights and other FIFA properties to private investors, a move that immediately triggered resistance across the sport.
The plan is reportedly tied to an investment fund called Thrive Eternal, with Joshua Kushner described as a leading figure behind it. FIFA gave its 211 member federations until September 19 to approve the idea, but the short timetable and the secrecy around the process have fueled intense backlash.
UEFA delivered the sharpest response. The organization, which represents all 55 of Europe’s national associations, unanimously voted to boycott FIFA tournaments, including the World Cup, if the private investment plan stays on the table.
CONCACAF also said no, though it stopped short of threatening a boycott. Its statement focused on the rushed deadline and the absence of open consultation, arguing that a decision with this much impact should not be handled behind closed doors.
Asia added more pressure. The AFC said the situation should concern anyone who cares about football’s future and went further by urging FIFA to rethink how it is run.
FIFA responded by blaming incorrect media reports for disrupting the discussion and insisting it would move ahead with its plans. The organization’s insistence has done little to calm the dispute, especially after Carlos Cordeiro, one of Infantino’s senior advisers, resigned over the issue.
The stakes go far beyond one business proposal. UEFA’s influence is enormous because it includes the power centers of the sport’s richest leagues, including the Premier League, La Liga, and Serie A. When that bloc aligns with North America and parts of Asia, FIFA faces a serious challenge from some of football’s most influential decision-makers.
Two deadlines now shape the story. The first is Infantino’s September 19 cutoff for support. The second is the upcoming FIFA Under-20 Women’s World Cup in Poland, which could become the first practical test of whether the political fight spills onto the field.
The larger political consequence may be even more significant. Infantino had been expected to secure a fourth term running through 2031, with candidates set to declare by November 18 before a March vote in Rabat. After this week’s backlash, that path appears less secure than it did only days ago.
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