1 Day
Source:
The Boston Globe
Withdrawal of World Cup profit sale plan
FIFA president Gianni Infantino has decided to abandon his plan to sell World Cup profits to private equity after widespread opposition from FIFA member associations, including UEFA, CONCACAF, and the Asian Football Confederation. The proposal, which involved creating a $20 billion company with private investors, faced rejection from various stakeholders, leading to resignations within FIFA and public criticism. Infantino stated the project would no longer proceed, emphasizing that the FIFA World Cup should remain under football's control.
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