Infantino adviser Cordeiro resigns over FIFA plan

Carlos Cordeiro, a senior FIFA adviser and former U.S. Soccer Federation president, resigned on Friday in protest against FIFA president Gianni Infantino's plan to spin off FIFA's commercial businesses into a $20 billion subsidiary with 20% owned by private equity investors. Cordeiro, a former Goldman Sachs banker with over 35 years in banking, stated he had no involvement in the proposal and opposed it 'unequivocally,' calling it 'a bad deal for football.' He urged other senior FIFA staff to speak out against the plan, which would include commercial rights to men's and women's World Cups and Club World Cups.