FIFA abandons $20B World Cup sale plan

FIFA's plan to sell a 20 percent stake in its commercial rights to private investors, valued at $20 billion, has collapsed after widespread opposition from European football authorities and internal dissent. The deal, involving Joshua Kushner’s firm Thrive Capital, faced threats of a European boycott and protests from FIFA member nations, leading to its abandonment. The failure raises questions about FIFA President Gianni Infantino’s leadership and the organization’s future direction.

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