Infantino abandons plans to sell World Cup profits to private equity following massive pushback

ZURICH (AP) — FIFA President Gianni Infantino is abandoning his divisive plan to sell World Cup profits to private equity after receiving pushback from all corners of the soccer world. Infantino’s decision came after his senior adviser who sat on a White House panel resigned and Asia’s soccer body joined Europe and Nor

"It has become clear that the project has created divisions," said FIFA President Gianni Infantino on Friday, July 31, after his plan was quickly condemned and his senior adviser Carlos Cordeiro resigned.

Gianni Infantino wanted a $20 billion company to run the World Cup with private investors including the Kushner family. But the plan drew backlash that grew every day since Tuesday’s announcement.

Infantino abandons plans to sell World Cup profits to private equity following massive pushback  Toronto Star

Infantino abandons plans to sell World Cup profits to private equity following massive pushback  AP News

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