European nations vow FIFA World Cup boycott over Infantino private equity plan as opposition spreads
UEFA member federations will boycott all FIFA competitions in protest of Gianni Infantino’s plan to sell stakes in the World Cup to private equity investors. The European soccer body says it’s a unanimous decision after an urgent online meeting of the 55 members. The strategy meeting was called to counter FIFA president Infantino’s offer of $20 million to each of its 211 global members that has to be accepted by mid-September. Infantino’s secret proposal was revealed Tuesday to spin off its commercial operations in a $20 billion operation 20% owned by private investors. The North American soccer body rejected Infantino’s plan later Thursday.