FIFA is shelving a controversial plan that would have allowed for billions of dollars in private commercial investment in the World Cup after the proposal was met with fierce opposition from its member nations.

Jared Kushner‘s younger brother, Joshua Kushner, has seen his high-profile FIFA World Cup investment bid collapse after world soccer leaders The Jared Kushner’s Brother Loses Out As FIFA World Cup Dea

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.

Gianni Infantino's plans to sell stakes in the World Cup and other FIFA tournaments were met with strong backlash.

FIFA will hold presidential elections in March, when Infantino could be challenged for the first time in more than a decade.

Gianni Infantino is at risk of losing his job as FIFA president two weeks after seeming untouchable following a financial bonanza of a World Cup.

FIFA’s plan was to raise up to $4.2 billion by selling about a 20% stake in a new unit that would run FIFA events including the World Cup, valuing it at $20 billion.

The pressure is rising on FIFA President Gianni Infantino to ditch a $20 billion privatization plan, but soccer's governing body is doubling down and criticizing the media.

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

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