Wales withdraws support for Infantino re-electionafter FIFA stake plan collapses

Aug 3 : Wales said it will withdraw support for FIFA President Gianni Infantino's re-election bid for a new term from 2027-2031 after his failed plan to sell a stake in the World Cup's commercial rights.FIFA's ambitious plan to unlock up to $4.2 billion from private investors by selling a roughly 20 per cent stake in a new entity overseeing competitions including the World Cup ended in retreat on Friday after fierce resistance from stakeholders.With the plan abandoned, attention has turned to the potential repercussions for Infantino, whose bid for another term as FIFA president could face increased scrutiny following the failed initiative.FAILURE OF GOOD GOVERNANCE Wales became the first national federation to formally withdraw its support for Infantino."The Football Association of Wales