Gianni Infantino’s senior adviser quits as pressure mounts on Fifa president
Carlos Cordeiro’s resignation comes after Asian confederation joins Europe and Concacaf in clear majority of nations against World Cup sell-off plan
Martyn Ziegler, Sports News Reporter of the Year
Friday July 31 2026, 10.35am, The Times
Gianni Infantino’s senior adviser Carlos Cordeiro has resigned in protest at the Fifa president’s attempt to sell off stakes in the World Cup.
The latest devastating blow to Infantino raises new questions over his future after the Asian Football Confederation (AFC) issued a damning statement criticising the plans.
Cordeiro, an American who was heavily involved in the 2026 World Cup and is a former investment banker with Goldman Sachs, said: “As a senior adviser to the Fifa president, a former banker, and a lifelong football fan, I cannot stand by while Fifa considers selling a stake in the World Cup.
“Let me be clear: I had no involvement in this proposal, and I oppose it unequivocally. It is a bad deal for Fifa’s member associations, a bad deal for football, and a bad deal for the long-term future of the game.
“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. That is why this proposal should be rejected.
“Fifa already has access to extraordinary financial resources. The organisation sits on billions of dollars in reserves and no debt. The Fifa president himself has highlighted the $15billion in revenue generated between 2022 and 2026. If member associations believe additional investment is needed to develop the game, Fifa already has the financial capacity to provide that support from its existing resources.
Cordeiro was heavily involved in this summer’s World CupBob Kupbens/Icon Sportswire via Getty Images
“Against that backdrop, selling a permanent stake in football’s most valuable asset to raise $4.2billion makes little sense. It is mortgaging football’s future without any compelling justification.
“This proposal has become a defining question for Fifa’s future. After careful consideration, I can no longer continue in my role as senior adviser to the Fifa president. I have therefore resigned with immediate effect.”
He added: “Most troubling of all is the absence of answers to fundamental questions. Why this deal? Why now? What oversight exists? Who benefits? Was there a competitive process? What governance will be in place? What will investors ultimately gain, and at what cost to football?”
Who is Carlos Cordeiro?
- Carlos Cordeiro is a former banker turned sports executive. He spent more than two decades at Goldman Sachs, where he was a partner, before becoming president of the United States Soccer Federation in 2018.
- After resigning from that role in 2020 amid criticism relating to his administration’s legal position on the US women’s team, he joined Fifa as a senior adviser on global strategy. He later became senior adviser to Gianni Infantino himself. Most recently, he served at president Trump’s direction as senior adviser to the White House Task Force for the World Cup.
The AFC said it stood “in solidarity with Uefa and Concacaf to protect the Fifa World Cup” after European nations said they would boycott Fifa tournaments if the plan goes ahead. The Concacaf nations in North and Central America are also opposing Infantino’s scheme.
With Europe (55 Fifa members) and Concacaf (35) committed to opposing the plans, only 16 of Asia’s 46 members would need to follow suit to have a majority of Fifa’s 211 nations against Infantino’s proposal.
“The AFC stands in solidarity with Uefa and Concacaf in expressing serious concerns over Fifa’s proposal to introduce private investment into Fifa’s flagship competitions and the decision-making process around FFE,” the AFC said in a statement.
“The fact that the situation has reached the point where the real possibility of a Fifa World Cup boycott has entered public discourse should concern everyone who cares about the future of our game. Football should never have been placed in such a position.
“Against this backdrop, and in light of the clear positions expressed by Uefa and Concacaf, as well as the unprecedented divisions that have emerged across the football world, the AFC believes that the proposed FFE cannot realistically achieve the necessary broad consensus and unity required to move forward.
“The Fifa World Cup is the pinnacle of global football and derives its strength from the participation of all confederations and the world’s leading football nations. Any proposal that risks undermining the unity and universal character of the competition must be reconsidered.”
The AFC said the proposal had “exposed fundamental weaknesses” in Fifa’s consultation and decision-making processes.
It added: “While the AFC notes Fifa’s latest clarification on the proposal, the central concerns surrounding governance, institutional process and meaningful consultation remain unanswered. A proposal of such significance, with the potential to affect the commercial, sporting and strategic future of world football, must not emerge through processes that leave Confederations, Member Associations (MAs) and even Fifa’s own governing bodies, including the Fifa Council, feeling sidelined.”
Overnight,
Fifa insisted it would press ahead with plans to sell stakes in its competitions to private investors despite opposition now from three major confederations.
“Nobody is selling football,” Fifa said in a statement. “This is not something Fifa would ever entertain.”
It added: “Our planned consultation process was disrupted by incorrect media reports. We will proceed with this consultation process to ensure that each MA [member association] has the ability to express its vote based on facts.”