FIFA Chief Gianni Infantino on the Ropes as He Ditches Controversial $20 Billion Private Investment Plan

Gianni Infantino, the embattled president of soccer’s governing body FIFA, has abandoned his controversial plan to create a $20 billion company that would control the commercial rights to its events, principally the World Cup. In a statement released late Friday, Infantino said it had “become clear that the project has

Amid intense pressure from all corners of the world and sport, the FIFA chief has called an end to a plan that seemed destined to alter the game in ways never seen before

UEFA had threatened to boycott FIFA tournaments, including the World Cup, unless Gianni Infantino withdrew his plans to sell stakes in FIFA competitions to private equity investors.

The 'FIFA Forward Enterprise' project, intended to allow private investors to gain a stake in the tournament, is dead just 2 days after it was proposed.

FIFA is not new to controversy: In the last decade, the international soccer association has faced bribery allegations, corruption scandals, and backlash over questionable host nation decisions. But even by FIFA’s standards, the association’s latest proposal might be pushing it too far—and member states are not staying

FIFA president Gianni Infantino wants to open the commercial capital of the World Cup to private investors. International investors, including figures close to US President Donald Trump's family, are reportedly among the potential candidates. The initiative has sparked strong reactions from various confederations and f