FIFA scraps its World Cup investment plan
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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.
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.
As pressure mounted on FIFA President Gianni Infantino and his plan to sell World Cup profits to private equity, the organization canceled the project.
MORRISTOWN, N.J. — Though the World Cup only just reached the rearview mirror, the soccer world is already speeding toward the new European club season. Brenden Aaronson is proof. After taking the three-week break that FIFA’s rules allow for players after major tournaments,
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, per The New York Post.It
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News analysis: How Gianni Infantino's secret attempt to sell World Cup stake backfired spectacularly
Gianni Infantino's FIFA presidency is on life support after his abandoned attempt to sell a stake of the World Cup to private equity draws international outrage.
Say farewell to Golden Boot winner Kylian Mbappe, player of the tournament Rodri and household names such as Erling Haaland, Jude Bellingham and Lamine Yamal. It would amount to a spectacular act of asset stripping.