FIFA scraps controversial deal to sell stakes in World Cup to private investors

FIFA abandoned a plan to create a commercial venture and then sell stakes to minority investors, just days after unveiling it. The plan drew sharp condemnation — and a boycott from European nations.

FIFA on Friday said it would not move forward with a plan to create a $20 billion commercial arm of soccer’s world governing body by selling stakes in the World Cup and other events to private investors. The proposal had been met by a wave of criticism by several soccer confederations from the time it…

FIFA President Gianni Infantino said he’s scrapping a plan to sell stakes in the World Cup to private equity investors after strong backlash and statements of non-participation in FIFA events from organizations in Europe, Asia, and North America.

FIFA Scraps Controversial Plan to Sell Commercial Rights to Private Investors  WSJ

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.

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

Pressure is growing on FIFA President Gianni Infantino and his divisive plan to sell World Cup profits to private equity

A high-profile FIFA aide and White House Task Force for the World Cup representative resigned in protest Saturday over a controversial proposal to sell a stake in the organization’s commercial business, warning that the plan would sacrifice one of the world’s most valuable sports properties to private investors. Victor

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Association was unaware of Infantino’s plans ‘We are deeply concerned by the lack of due process’ Concacaf has joined Uefa in criticising Fifa’s plan to sell off stakes in the World Cup to private investors. In a strongly worded statement the Confederation of North, Central America and Caribbean Association Football