FIFA scraps its World Cup investment plan
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When FIFA announced a proposal to sell a minority stake of its organization, it was met with fierce criticism from CONCACAF and UEFA.
UEFA said it and its 55 members will boycott FIFA competitions, rejecting FIFA's proposed plan to sell stakes to private investors, the European soccer governing body confirmed on Thursday. Concacaf,
Three confederations were hard against the idea. The other three didn't exactly voice support either.
Fifa's chief operating officer strongly criticises Gianni Infantino's plan to sell stakes in competitions to private investors.
The region that includes the U.S. said "a comprehensive reckoning with this presidency is imperative." Europe's soccer governing body said "the current FIFA leadership" has "lost UEFA's confidence."
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.
FIFA President Gianni Infantino said his proposal "will not proceed" after UEFA — the European football association that includes powerhouses such as Spain, France, England and Germany — unanimously threatened to boycott all FIFA competitions going forward.
FIFA President Gianni Infantino is finding himself increasingly isolated as pressure and opposition build against the world soccer governing body’s plan to inject private money into its competitions.
FIFA have abandoned plans to sell a minority stake in its commercial business after serious opposition from the global football community and the withdrawal of key investors (New York Post).It is a