FIFA’s Infantino scraps controversial World Cup private investment plan

BREAKINGBREAKING, FIFA and its President Gianni Infantino faced fierce backlash from across football to plans to sell stake in World Cup.Published On 31 Jul 202631 Jul 2026World football’s governing body, FIFA, has said 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.FIFA’s plan was to raise up to $4.2bn by selling about a 20% stake in a new unit that would run FIFA events including the ‌World Cup, valuing it at $20bn.Recommended Stories list of 4 itemslist 1 of 4Why is UEFA threatening FIFA boycott? Infantino’s World Cup plan explainedlist 2 of 4Infantino’s senior adviser resigns over ‘bad’ FIFA World Cup planlist 3 of 4FIFA defiant over World Cup investment plan: ‘nobody is selling football’list 4 of 4UEFA members vote to boycott FIFA if Infantino’s World Cup plans pursuedend of listThe proposal, first announced on Tuesday, was strongly opposed by European football’s governing body, UEFA, which voted on Thursday to boycott FIFA and accused the Switzerland-based organisation of putting the sport’s “soul” up for sale.“Having listened carefully to ...