FIFA, Infantino and World Cup
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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’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.
When FIFA announced a proposal to sell a minority stake of its organization, it was met with fierce criticism from CONCACAF and UEFA.
The pressure is rising on FIFA President Gianni Infantino to ditch a $20 billion privatization plan, but soccer's governing body is doubling down and criticizing the media.
Gianni Infantino's plans to sell stakes in the World Cup and other FIFA tournaments were met with strong backlash.