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Infantino under scrutiny yet again as FIFA is set to share documents over their plan to sell stakes
FIFA’s abandoned $20 billion proposal to sell commercial rights stakes of the World Cup has returned to the spotlight yet again.
The governing body has officially agreed to share documents over their initial proposal and let the members of the council inspect the documents related to the whole controversy.
However, the documents won't be revealed publicly, and officials will examine them in person at the headquarters in Zurich.
The proposal was all about selling a 20% stake to private investors, which would give them commercial rights for future FIFA competitions, including the prestigious World Cup.
The plan reportedly had attracted interest from Thrive Capital, led by Josh Kushner, US President Donald Trump’s relative who had proposed to invest $4.2 billion.
FIFA withdrew the proposal on August 1 following widespread criticism from UEFA and its member nations.
The following nations had even decided to completely boycott the World Cup if FIFA had let this proposal execute.
As reported, FIFA Secretary General Mattias Grafström informed Council members on Monday that they could register their interest in reviewing the documents.
Applications must be submitted by November 16, with inspections taking place in Zurich.
This ruling has come after UEFA had demanded FIFA to give answers regarding the proposal and alleged corruption inside the organisation and raised questions against the FIFA President Gianni Infantino.
Initially, UEFA had set November 2 as the deadline for FIFA to provide written responses and supporting documentation.
However, FIFA argued that it's impossible to submit all documents within two weeks, and for now they've agreed to share documents after the council members inspect the documents.
UEFA has also raised concerns about FIFA’s decision-making processes, potential conflicts of interest and the independence of FIFA's governance.
They also investigated legal avenues in the United States to obtain documents connected to the proposal, potentially supporting a complaint in Switzerland alleging financial mismanagement by Infantino and co.
FIFA's decision to allow restricted document inspection and not full public disclosure, and the biggest question is that how did the organisation pass such a huge proposal without consulting its own council?
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