Infantino abandons FIFA World Cup sell-off plan after backlash
UKPulse Money Desk
Gianni Infantino has announced that FIFA is scrapping plans to sell shares in the World Cup to private investors.
- FIFA is abandoning plans to sell shares in the World Cup to private investors.
- The decision follows a global backlash against the proposed sell-off.
- Gianni Infantino stated the plan 'created divisions'.
FIFA President Gianni Infantino has confirmed the organisation is abandoning its plans to sell shares in the World Cup to private investors. The decision, announced to Sky News, comes after a global backlash against the proposal.
Mr Infantino stated that the plan 'created divisions', leading to the climbdown. The controversy reportedly imperilled his presidency.