FIFA President Gianni Infantino wants to carve out a $20 billion subsidiary and sell minority stakes to private investors. The people who actually run football’s biggest regional tournaments would like a word.
UEFA, Concacaf, and the Asian Football Confederation have all pushed back against the proposed FIFA Forward Enterprise, a new commercial entity designed to consolidate operations for the World Cup and Club World Cup. The plan aims to raise roughly $4.2 billion by offering 20-21% equity to outside investors, while FIFA retains majority ownership and control over governance, competitions, and regulatory decisions.
A $20 million sweetener and a ticking clock
FIFA president has set a September 19, 2026 deadline for national associations to approve the FFE plan. To sweeten the deal, he’s offering a one-time payment of $20 million to each association that signs on early, with future installments dangled as additional incentive.
The stick is just as notable as the carrot. Associations that don’t support the plan could reportedly miss out on expanded funding opportunities projected to total around $10 billion.
UEFA’s response was blunt. The European confederation called the proposal “non-negotiable” and argued that the commercial rights Infantino wants to package up aren’t FIFA’s to sell unilaterally. Concacaf took a different angle of attack, criticizing the lack of due process and claiming they first learned about the plan via social media.
The Asian Football Confederation joined the opposition chorus, and UEFA has gone so far as to hint at possible boycotts of future FIFA events, including the 2027 Women’s World Cup.
The bigger picture for sports finance
Private equity has been flooding into sports over the past several years. From CVC Capital’s investments in European rugby and La Liga to Silver Lake’s stake in City Football Group, the playbook of selling minority equity in sports properties to institutional investors is well-established.
What makes the FFE proposal different is scale and scope. A $20 billion valuation for a subsidiary housing World Cup commercial rights would make it one of the largest sports-related private transactions ever attempted. The 20-21% stake sale at $4.2 billion implies a level of investor appetite that, if confirmed, would reset expectations for how sports IP is valued globally.