1 Day
Source:
USA TODAY
FIFA abandons disputed stake plan
FIFA has announced it is abandoning its plan to sell a minority stake through the FIFA Forward Enterprise to private investors, aimed at raising $4.2 billion. The proposal faced strong opposition from associations and regional bodies, who criticized it for risking the integrity of the World Cup and the sport's legacy. FIFA cited the division created by the plan and indicated efforts to rebuild consensus and support for global football development.
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