FIFA withdraws from World Cup sale
The International Federation of Football Association (FIFA) has canceled its plan to sell a 20% stake in its tournament management division, which includes the World Cup, following widespread negative reactions. The plan aimed to raise approximately $4.2 billion to fund the global development of football, but opposition from the European Union, CONCACAF, and Asian clubs led to broad rejection and threats of boycott against the tournaments. The pressure resulted in the resignation of Infantino's chief advisor, and FIFA confirmed that abandoning the plan reflects its commitment to safeguarding the spirit of the sport, emphasizing unity and the global development of football.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)