Home Sports Carlos Cordeiro Resigns Over Infantino’s World Cup Sell-Off Plan.
Sports - 2 hours ago

Carlos Cordeiro Resigns Over Infantino’s World Cup Sell-Off Plan.

Geneva; July 2026: Carlos Cordeiro, who represented the soccer body on the White House Task Force for the World Cup, has resigned today (Friday – 31st July 2026) in protest against the private equity plan proposed by FIFA Chief Gianni Infantino.

“I cannot stand by while FIFA considers selling a stake in the World Cup”, Cordeiro, a former Goldman Sachs banker, said in a statement resigning as adviser to FIFA President Gianni Infantino that urged other senior FIFA staff to speak out.

Cordeiro often joined Infantino on working visits to meet US President Donald Trump at the White House in recent years. “Let me be clear. I had no involvement in this proposal, and I oppose it unequivocally”, Cordeiro, the former US Soccer Federation president said, calling the $20 billion commercial subsidiary ‘a bad deal for football’.

“Football has been central to my life, and after more than 35 years in banking, I understand both the value of this asset and the consequences of giving part of it away”, he said. “That is why this proposal should be rejected”.

FIFA’s chief operating officer Kevin Lamour while briefing the media reporters asserted that he was ‘deceived’ by Infantino’s lack of openness planning the private investor scheme and “deserve better than contempt and intimidation. It is the project of one person”, Lamour, a long-time colleague of Infantino at both FIFA and UEFA, said. “Not only must this project not go ahead, but the time has now come for football political leaders to ask themselves the right questions and make the right decisions”.

Lamour did not resign from his position he held since 2024 but said he had a duty to his colleagues. “And if that means I lose my job, then so be it” the French official said. “I will understand and respect that decision. At least I’ll sleep well tonight”.

The ‘anchor investor’, described by FIFA, is a New York-based investment firm created by Joshua Kushner, the younger brother of Trump’s son-in-law Jared Kushner. “FIFA already has access to extraordinary financial resources. The organisation sits on billions of dollars in reserves and no debt”, Cordeiro said, noting FIFA’s revenue of $15 billion over the last four years tied to the men’s World Cup just ended. “Against that backdrop, selling a permanent stake in football’s most valuable asset to raise $4.2 billion makes little sense. It is mortgaging football’s future without any compelling justification,” he said.

Cordeiro said he shared five years working for FIFA alongside Infantino with “dedicated, principled people who care deeply about the game. I hope they, too, will speak up”, he wrote, “because decisions of this magnitude should be made in the interests of football, not those who stand to profit from it”.

Infantino has been president of FIFA for more than 10 years and had seemed sure to be re-elected unopposed next March (2027). FIFA has set a November 18 deadline for challengers to come forward.

Team Maverick.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

DRDO Seeks Private Industry to Develop 50-Drone Swarm Capable of Operating in High Winds and Heavy Jamming

New Delhi, July 2026 : In a major push to strengthen India’s unmanned warfare capabilities…