By Ian Ransom and Kokkai Ng Aug 1 (Reuters) - FIFA president Gianni Infantino, hitherto untouchable at the helm of soccer's global governing body, suffered a crushing blow on Friday when his bold reach for private equity riches was brought to an end in the face of a ferocious backlash.

Three confederations were hard against the idea. The other three didn't exactly voice support either.

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's World Cup privatization plan faced backlash from UEFA, CONCACAF, Asian Football Confederation, and within FIFA.

A FIFA Forward Enterprise (FFE) collapsed before it even became a reality.The organization released a statement on Friday night (31) from president Gianni Infantino, who was responsible for leading

European soccer’s governing body UEFA declared it has lost confidence in FIFA president Gianni Infantino, piling pressure on the beleaguered sporting chief despite the organization dropping a hugely controversial plan to sell private stakes in top tournaments.

FIFA cancels a highly scrutinized plan to seek outside investors for a proposed commercial subsidiary built around the World Cup.

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