Fifa president Gianni Infantino has abandoned his plan to sell off shares in the World Cup following significant backlash. The investment scheme, which would have overseen the commercial and operational aspects of major competitions, was rejected by three continental confederations and faced opposition within Fifa itself.
Infantino Abandons World Cup Investment Plan
UKPulse News DeskFifa president Gianni Infantino has reversed his plan to sell off shares in the World Cup following significant backlash.
- Infantino abandoned the investment scheme after being rejected by three continental confederations
- Uefa warned of a boycott if the proposal went ahead
- Prime minister Andy Burnham labelled the plans 'outrageous'
Why this matters: The decision may alleviate pressure on Infantino's position, but Uefa vice president Laura McAllister says trust in the president has been 'badly shaken'.
What this means for you: This decision may impact the future of football governance, with Uefa considering options for a potential challenger to Infantino's presidency.