India, July 31 -- Carlos Cordeiro has stepped down from his position as a senior adviser to FIFA, citing his opposition to the governing body's proposed private equity initiative. The former US Soccer president announced his resignation on Friday, marking a significant development as FIFA pushes ahead with plans to reshape its commercial operations.

Cordeiro had been serving as FIFA's representative on the White House Task Force for the FIFA World Cup and frequently accompanied FIFA president Gianni Infantino during meetings with President Donald Trump in recent years as preparations for future global tournaments gathered pace.

At the centre of the disagreement is Infantino's proposal to establish a new commercial subsidiary valued at a...