UEFA appreciates FIFA's withdrawal of investor plans
The International Federation of Football Associations (FIFA) has canceled its plan to sell a share of the commercial operations related to the World Cup to private investors, after receiving approval and consensus from European Union national associations, while facing opposition from other global federations. A UEFA statement indicated that its stance aims to preserve and protect the interests of football, and that it will begin working on a new mechanism for resource distribution. This rejection coincided with Infantino's retreat from a $10 billion, four-year football development funding plan, amid criticisms regarding the potential risks of sports commerce and warnings of conflicts of interest. This move is seen as a response to increasing criticism, especially following the resignation of FIFA’s chief advisor and tensions surrounding dominance and investment strategies in football.
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