RESOLVING THE LEDGER
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See the full story · 6 sourcesCarlos Cordeiro has resigned as senior adviser to the FIFA president, expressing his disapproval of a controversial proposal to bring in private investment.
The former U.S. Soccer president had served in his role since 2021, also serving as a senior advisor on the White House Task Force for the 2026 World Cup.
But in a statement , Cordeiro said "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," he added.
"This proposal has become a defining question for FIFA’s future. After careful consideration, I can no longer continue in my role as Senior Advisor to the FIFA President. I have therefore resigned with immediate effect."
Cordeiro was often seen in the Oval Office as FIFA president Gianni Infantino visited U.S. President Donald Trump in the lead-up to the 2026 World Cup in the United States, Mexico and Canada.
The former Goldman Sachs banker served as U.S. Soccer president for two years. He was forced to resign in 2020 amid an outcry over the federation's strategy in its legal battle with the U.S. women's national team.
Infantino's plan appeared on life support by Friday, July 31. On Thursday, UEFA declared it will boycott all FIFA competitions, including World Cups, until the proposal is killed.
Concacaf and the Asian Football Confederation have also signaled their disapproval of the plan.
Cordeiro said that due to FIFA's "extraordinary financial resources," there was no reason to bring private investment in now.
“Against that backdrop, selling a permanent stake in football’s most valuable asset to raise $4.2 billion makes little sense. It is mortgaging football’s future without any compelling justification,” he said.
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?"
This article originally appeared on USA TODAY: Ex-US Soccer president resigns as FIFA advisor over private investment plan
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