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FIFA withdraws share sale after protests
The International Federation of Football (FIFA) announced the cancellation of a plan that would have allowed private sector investors to hold a minority stake in a company managing World Cup rights and promotion, as well as other federation activities. This decision came after a wave of strong protests from continental federations and threats to boycott European competitions, with critics arguing that the project could impose commercial pressures on tournament management and threaten the independence of the sport. This came after efforts to promote the project, which was valued at approximately $20 billion and aimed to increase FIFA's program funding and distribute revenues more favorably toward lower-income federations, failed. Internal and external criticisms highlighted concerns about investors' influence on tournament governance.
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