FIFA President Gianni Infantino is facing a coordinated challenge from UEFA, the Asian Football Confederation and CONCACAF after withdrawing the FIFA Forward Enterprise proposal, which envisioned a commercial subsidiary valued at $20 billion and the sale of minority stakes of up to 20% to outside investors. The plan triggered governance and transparency concerns, prompting Infantino to abandon it on July 31, shortly after its July 28-29 introduction. Earlier accounts described the proposal as involving $4.2 billion in proceeds from the stake sale. The three confederations, representing more than 143 of FIFA’s 211 member associations, are considering an Extraordinary Congress and a no-confidence vote. At least 43 associations must submit a written request to convene the meeting, which requires three months’ notice and could therefore be held around November 2026. Infantino intends to seek reelection at the March 2027 FIFA Congress, with nominations closing on Nov. 18, 2026, but no official challenger has emerged. Sándor Csányi, FIFA’s fifth vice-president, withdrew his confidence on Aug. 19, while Wales and Finland have withdrawn support for Infantino’s reelection bid and Mexico’s federation continues to back him. Supporter groups and some clubs are also pressing for governance changes, although opposition to Infantino has yet to produce a clear alternative candidate.