FIFA is shelving a controversial plan that would have allowed for billions of dollars in private commercial investment in the World Cup after the proposal was met with fierce opposition from its member nations.

FIFA cancels a highly scrutinized plan to seek outside investors for a proposed commercial subsidiary built around the World Cup.

FIFA said on Friday it will not proceed with its proposal to sell a piece of its business empire to outside investors after the project was met with fierce resistance from some of its member associations.

A FIFA Forward Enterprise (FFE) collapsed before it even became a reality.The organization released a statement on Friday night (31) from president Gianni Infantino, who was responsible for leading