Wales FA withdraws support for Infantino re-election after FIFA stake plan

Wales is the first football federation to formally withdraw support for Gianni Infantino’s re-election bid after a botched World Cup investment plan was scrapped.Published On 3 Aug 20263 Aug 2026Wales said it will ‌withdraw support for FIFA President Gianni Infantino’s re-election bid for a new term ⁠from 2027-2031, after ⁠his failed plan to sell a stake in the World Cup’s commercial rights.FIFA’s ambitious plan to unlock up to $4.2bn from private investors by ⁠selling a roughly 20 percent stake in a new entity overseeing competitions, including the World Cup, ended in retreat on Friday after fierce resistance from stakeholders.Recommended Stories list of 2 itemslist 1 of 2Cricket: India pace star Bumrah ruled out of tour of Sri Lankalist 2 of 2Golf: Thorbjornsen wins first PGA Tour title at Rocket Classicend of listWith the plan abandoned, attention ⁠has turned to the potential repercussions for Infantino, whose bid for another term as FIFA president could face increased scrutiny following the failed initiative.Failure of good governanceWales became the first national federation to formally withdraw its support for Infantino.“The Football Association of Wales hereby confirms ‌its ...