On August 5, local time, FIFA's official website issued a statement saying that the FIFA leadership held a meeting on the same day in Rabat, Morocco, to discuss the controversy caused by the recent FIFA Forward Plan. Regarding the plan, which had previously been withdrawn, the statement acknowledged that “there was an error in advancing the plan” and stated that it was not intended to make the FIFA Council and member associations feel excluded from the decision-making process, but “this process should have been handled in a different way.” At the same time, the statement acknowledged that after the contents of the plan were leaked to the media, there were also errors in related processing. FIFA said it has apologized to the FIFA Council and 211 member associations for the relevant issues, and will review the relevant procedures to further improve decision-making mechanisms and internal communication to prevent similar situations from happening again. Previously, FIFA President Infantino planned to set up a $20 billion subsidiary to run the World Cup and sell minority shares to private investors.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.