Fifa scraps controversial World Cup investment plan
- On Friday, FIFA President Gianni Infantino withdrew the FIFA Forward Enterprise plan, which would have sold a 20% stake in World Cup rights to private investors valued at $20 billion.
- Earlier this week, reports revealed the secret FFE project, designed to create a commercial subsidiary managing World Cup broadcasting and sponsorship rights while FIFA retained 80% ownership.
- UEFA, Europe's governing body, announced Thursday that its 55 members agreed to boycott the World Cup, calling the project "irresponsible and indefensible" and declaring "The World Cup is not for sale."
- Senior adviser Carlos Cordeiro resigned Friday, stating he could not "stand by while FIFA considers selling a stake in the World Cup," while COO Kevin Lamour called the plan "the project of one person."
- Thrive Capital, led by Joshua Kushner, was expected to lead the investor group; a source told CBS News on Tuesday that criticism of the firm's involvement was unjustified and unconnected to the Trump administration.
270 Articles
270 Articles
Protests against plans to sell shares of the World Cup to private investors were massive. Now FIFA is backing away from the proposal. Gianni Infantino's position has been weakened - but he is still safe.
FIFA scraps World Cup stake sale plans after backlash
The world football governing body, FIFA, on Friday said it had scrapped plans to sell a stake in the World Cup to private investors after widespread backlash."Having listened carefully to all the views, it has become clear that the project has created
Infantino scraps controversial FIFA sell-off plan saying it 'created divisions'
Gianni Infantino announced to Sky News that FIFA was scrapping plans to sell shares in the World Cup to private investors, in a climbdown following a global backlash that has imperilled his presidency. Source link : https://news.sky.com/story/created-division-gianni-infantino-abandons-fifa-sell-off-plan-following-global-backlash-13568939 Author : Publish date : 2026-07-31 23:01:00 Copyright for syndicated content belongs to the linked Source.
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