
FIFA Abandons Controversial World Cup Sell-Off Plan After Backlash
FIFA has scrapped its controversial plan to sell a stake in the World Cup and other competitions, following widespread backlash and threats of boycott from UEFA and other football confederations. The decision came after significant opposition to the proposed $20 billion private equity deal.
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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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Read full article →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.
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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 […]
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Read full article →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
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Read full article →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
Read full article →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 […]
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