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  • 5 hours ago
Finance expert Kieran Maguire thinks plans to seek private investment will benefit president Gianni Infantino

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Transcript
00:00Well Infantino is proposing setting up a new company which will be responsible for FIFA's commercial activities and that new
00:11company will be open to external investment.
00:15Now FIFA historically has always positioned itself as a charity, has always positioned itself as a non-profit making organisation.
00:22And as far as those investors are concerned, we won't know who they are, but they could be putting in
00:30substantial sums.
00:31Do you think that Infantino will personally benefit from this?
00:35Well, it'll be interesting to see. He is up for re-election until 2031.
00:41At present, it would appear that he's got the African Federation, the Asian Federation, CONCACAF, all appear to be in
00:48favour of voting for him.
00:49That's 110 votes out of 211.
00:53If you take a look at the last set of FIFA accounts, he was paid $6 million.
00:59That's on top of a fairly nice lifestyle of five-star hotels, executive jets and so on.
01:06So does he need more money? No.
01:09But when you speak to multimillionaires, they always want the next million.

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