The Infantino Scandal That Led To Football Civil War - What Happens Next?

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The Rest Is Football 33 min 1 speaker 8 chapters transcribed 4 hours ago
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What is the Infantino World Cup stake‑sale scandal and why does it matter?

Gary Lineker 0:11
Hello and welcome to the Rest is Football. We've got a special episode for you today as we reach the first international break since the World Cup. In most previous seasons, there isn't a great deal that usually happens on the international front following a major tournament. Well, that certainly wasn't the case this year. Less than 10 days after the World Cup final news came out that Gianni Infantino had plans to sell stakes in the World Cup. A potentially huge change in the game we know and love that was met with widespread opposition. Joining me today to discuss this incredible story, the fallout from it, and what happens next is the man who actually broke the news, Martin Z.
Martyn Ziegler 0:52
Martin, welcome. Hi, Gary. Yeah, great to to be with you. It was a an incredible story, probably the the biggest of my career, really. So what he was trying to do was sell off 20%, bring in four point two billion dollars to FIFA's coffers, and then from that point onwards, obviously those investors would take a share of any surpluses, you know. per in per perpetuity. So you'd have this sort of big cash inflow immediately. Uh but then obviously the the amount of money that um FIFA would would earn would then have to be kind of shared out down the line.
Gary Lineker 1:29
What would be in it for the twenty percent of investors into this? Because if I'm not mistaken, FIFA's a non for profit organisation.
Martyn Ziegler 1:39
Yes, so you'd have to set up this new company that was called FIFA forward enterprise, and th they would take a twenty percent stake in that. That would obviously generate surpluses. We saw the USA World Cup incredible amounts of money. It's about fifteen billion US dollars for the World Cup and USA, Canada, Mexico. And a lot of that i is going to be surplus. So Before you sort of any money gets shared out to all the FIFA members associations or goes into the reserves, obviously a chunk of that would have had to come to the investors. And for them it's a great I mean, uh speaking to people in the financial markets, they said that you know that it was a no-brainer. It's it's such a good investment. You've got this monopoly, the biggest single sports event in the world, it sort of generates huge amount of money all the time, you know, it just is getting more.
Martyn Ziegler 2:28
more and more popular, uh more and more commercialized, and people would be flocking uh especially at the value that had been put on it, um, which some people thought it was undervalued, the FIFA had undervalued it, and make it even more attractive to investors.
Gary Lineker 2:43
How did you get wind of what
Martyn Ziegler 2:46
was going on in the first place. It was the week after the World Cup final and I got a a text message from a sort of trusted contact said, uh have you got a minute? And then I I r uh I said, Yes, I rang him and he said, Uh I've got something to tell you, but I I can't tell you what it is over the phone. I can't tell you on email. Don't no trace I don't want any email traces, WhatsApp traces, anything. I just m have to meet you face to face. So it arranged to meet him several days later on the Monday. And uh I think when somebody tells you that they've got they've got something to tell you and they c don't want to put it on any traces, you start thinking, Oh, this could be like really, really significant.
Martyn Ziegler 3:23
In sort of back in my mind I thought, is this there, you know, this is there something sort of huge around the Balogun case? That's what I was thinking about me.
Gary Lineker 3:30
Presumably I I know you can't say who it is, but presumably it's some someone either close to or inside FIFA.
Martyn Ziegler 3:36
I think it's fair to say somebody closed to a windside FIFA with a lot of knowledge about what was going on. And um yeah, so when I met them, they sort of showed me a document which laid out the sort of the the the details of the of the the sell-off scheme, um and the the plan to to to bring in private investors, which my first thought this is this is pretty s pretty pretty pretty major stuff. Yeah. What did you think when you first heard heard about about it. I mean was it in it was it like a gut instinctive reaction?

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