FIFA scraps controversial $20 billion World Cup investment plan

FIFA’s proposed plan to sell private stakes in upcoming World Cup tournaments that sparked backlash from fans and soccer associations around the world has been scrapped, FIFA president Gianni Infantino said in a statement Friday. “Having listened carefully to all the views, it has become clear that the project has crea

FIFA President Gianni Infantino was met with unprecedented backlash following his proposal for the structural reform of the World Cup. Under pressure, he announced that he was withdrawing his plan to sell part of the tournament to private investors. This proposal caused quite a stir internally and even led some members

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

Gianni Infantino has been left humiliated overnight after he initially planned to sell off stakes in FIFA competitions to private investors

The plan that sparked outrage is dead and the FIFA president now faces being ousted after a remarkable week at the top of football

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

In a statement, FIFA President Gianni Infantino said it had become clear the project had “created divisions” that are “no longer in the interest” of its original objective.

FIFA and its President Gianni Infantino faced fierce backlash from across football to plans to sell stake in World Cup.

FIFA president Gianni Infantino says he has scrapped the controversial plan to sell off stakes in the governing body’s major competitions, following widespread opposition. Infantino said it had become clear the project had “created divisions” that are “no longer in the interest” of its original objective. The Swiss add

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 scraps controversial $20 billion World Cup investment plan  CNN

Fifa scraps controversial plan to sell off stakes in its major competitions after widespread opposition to president Gianni Infantino's idea.