You must have mistaken by going by poor Wikipedia editing.
https://web.archive.org/web/2015092...-for-the-mastercard-all-star-squad-19802.html
“After the
conclusion of the round of 16, the Technical Study Group (TSG) drew up a shortlist of over 50 players for consideration for the All-Star Team based on the first 56 matches. After evaluating the players' overall performance throughout the tournament, the
TSG has nominate 23 players for the MasterCard All-Star squad.“
They made the squad after round of 16. What?
What happened was Ronaldo was rested in Portugal final group stage. Targeted by Netherland, got injured and left the pitch early. He obviously would not get good rating with this handicap.
This premature shortlist is very questionable. It created situation where immerse performance like Owen Hargreaves against Portugal in quarter final round (even when down to 10 men) would not influence the final XI. He had no chance to make into this squad, even if England had better luck with the penalty and eliminate Portugal. Figo did not have any single memorable performance equivalent to Hagreaves’ against Portugal. Figo was not that great overall in all the games, either. Figo should have been also sent off against Netherland (later against France for stud on Abidal face). The metric for the rating was unclear. Portugal got to semi final would allow Figo to get into XI since competition for his role as RW was nonexistent.