NewsDialy
A $20 billion investment plan promoted by the head of world football has collapsed, and the official who championed it now says mistakes were made.
An investment plan is a structured proposal to raise capital and deploy it toward defined objectives. FIFA president Gianni Infantino used that word publicly and said he wants to move past the episode.
How a $20 billion plan became an admission of fault FIFA, the Fédération Internationale de Football Association, governs football worldwide. Its president, Infantino, backed a plan valued at $20 billion.
The source describes the fallout as a saga that undermined FIFA as an institution.
Keep reading