Fifa scraps controversial World Cup investment plan

Football's world governing body abandons plans to sell off stakes in its major competitions after widespread opposition to president Gianni Infantino's idea.

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Inside the tumult at Situational Awareness and Fifa abandons its World Cup deal

Infantino abandons plans to sell World Cup profits to private equity following massive worldwide pushback

"It has become clear that the project has created divisions," said FIFA President Gianni Infantino on Friday, July 31, after his plan was quickly condemned and his senior adviser Carlos Cordeiro resigned.

Fifa scraps proposal to sell off stakes in World Cup after widespread backlash

Gianni ⁠Infantino issues statement on controversial plan ‘This proposal will not proceed,’ confirms Fifa president Fifa president Gianni ⁠Infantino has said world ⁠football’s ⁠governing body ​has 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 divisions of a nature that, ​regardless of the level of support, are no longer ⁠in the interest ​of ​t...

By Reuters

FIFA scraps controversial deal to sell stakes in World Cup to private investors

FIFA abandoned a plan to create a commercial venture and then sell stakes to minority investors, just days after unveiling it. The plan drew sharp condemnation — and a boycott from European nations.

By Rafael Nam

Why has Infantino scrapped FIFA’s World Cup investment plan? What to know

How FIFA President Gianni Infantino was forced abandon his World Cup equity plan after seismic backlash across football.

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Soccer-FIFA scraps World Cup sell-off plan after resistance from members

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.

Gianni Infantino reportedly abandons his controversial plans to sell stakes in FIFA competitions to private investors

UEFA had threatened to boycott FIFA tournaments, including the World Cup, unless Gianni Infantino withdrew his plans to sell stakes in FIFA competitions to private equity investors.

Breaking: FIFA scraps World Cup sell-off plans

FIFA has scrapped plans to sell a stake in the World Cup after the move caused a major backlash.

Infantino’s World Cup Sell-Off Collapse Exposes Limits Of FIFA’s Power

The FIFA boss abandoned his divisive plan to sell World Cup profits to private equity after receiving pushback from all corners of the soccer world.

By Clemente Lisi, Contributor

Fifa scraps plan to sell World Cup stakes after boycott threat and widespread backlash

Fifa president Gianni Infantino is facing considerable pressure after his controversial plan collapsed

By Miguel Delaney

FIFA scraps controversial $20 billion World Cup investment plan

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.

Infantino drops FIFA World Cup private equity plan after global backlash

Gianni Infantino wanted to create a $20 billion company to manage FIFA's commercial business, including the men's and women's World Cups and Club World Cups. Under the proposal, private investors would own a 20% stake in the new company. The proposed "anchor investor" was a New York-based investment firm founded by Joshua Kushner, the younger brother of Jared Kushner, the son-in-law of U.S. President Donald Trump.

By TOI SPORTS DESK

FIFA Boss Infantino Scraps World Cup Sell Off Plans After Backlash

"Having listened carefully to all the views, it has become clear that the project has created divisions of a nature that, regardless of the level of support, are no longer in the interest of the objective set out in the first place," the FIFA president said in a statement on Friday.

By McKinley Franklin

FIFA Scraps Controversial Plan To Turn World Cup Into Commercial Enterprise

FIFA on Friday said it would not move forward with a plan to create a $20 billion commercial arm of soccer’s world governing body by selling stakes in the World Cup and other events to private investors. The proposal had been met by a wave of criticism by several soccer confederations from the time it […]

By Patrick Hipes

Infantino abandons plans to sell World Cup profits to private equity following massive pushback

ZURICH (AP) — FIFA President Gianni Infantino is abandoning his divisive plan to sell World Cup profits to private equity after receiving pushback from all corners of the soccer world. Infantino’s decision came after his senior adviser who sat on a White House panel resigned and Asia’s soccer body joined Europe and North America in opposing it. “Having listened carefully to all the views, it has become clear that the project has created divisions of a nature that, regardless of the level of supp

By The Korea Herald

FIFA scrap plans for private investment into World Cup

FIFA "will not proceed" with plans to sell stakes in a company which would run the commercial and operational aspects of its competitions, a statement from president Gianni Infantino said.

Asian confederation chief welcome's FIFA decision to scrap World Cup sell-off plan

JUST IN: FIFA drops plan to sell World Cup stake after boycott threat

FIFA abandons its controversial plan to sell stakes in the FIFA World Cup and other competitions after widespread opposition and boycott threats. Read more Read More: https://punchng.com/just-in-fifa-drops-plan-to-sell-world-cup-stake-after-boycott-threat/

By Punch Newspapers

Fifa scraps controversial World Cup investment plan

FIFA president Gianni Infantino says he has scrapped the controversial plan to sell off stakes in the governing body’s major competitions, following widespread opposition. Infantino said it had become clear the project had “created divisions” that are “no longer in the interest” of its original objective. The Swiss added: “As a result, this proposal will […]

By Ebenezer Afanyi Dadzie

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