FIFA's controversial World Cup stake sale scrapped after 'project has created divisions'

Executives cited a 'lack of trust' in the planTannur Anders UK & World News Reporter03:53, 01 Aug 2026FIFA's plans to sell off part of its empire have been shelved following significant opposition from officials and executives.‌It had been reported that FIFA intended to raise as much as $4.2 billion (£3.1 billion) by selling approximately a 20% stake in the body. The new entity would have been valued at $20 billion (£14.8 billion), but FIFA President Gianni Infantino has confirmed the FIFA Forward Enterprise project will not be moving forward.‌Infantino said in a statement posted by FIFA to X: "Having listened carefully to all the views, it has become clear that the project has created divisions of a nature that, regardless of the level of support, are no longer in the interest of the obje