FIFA adviser resigns amid backlash over plan to sell World Cup stake

Carlos Cordeiro, a longtime banking executive, stepped down as senior adviser to FIFA president Gianni Infantino, calling the intended sale of a stake in FIFA Forward Enterprise a poor bargain for the sport. The proposal, which would involve private investors such as Thrive Eternal, has been rebuffed by UEFA, the Asian Football Confederation and CONCACAF, prompting European nations to consider boycotting FIFA events. Critics contend that FIFA's billions in reserves and debt-free balance sheet make external equity unnecessary.

They also warn that investor influence could reshape competition calendars and formats for profit. Infantino's office maintains that FIFA would retain full ownership and that the move aims to generate $4.2 billion for member associations. Thrive Eternal declined to comment on the matter.