FIFA scraps World Cup investment plan after global backlash

By Al Jazeera English

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FIFA has abandoned plans to sell a minority stake in the commercial rights of the FIFA World Cup following strong opposition from football federations around the world. FIFA President Gianni Infantino said the proposal would not move forward after it became clear the project had created divisions among member associations and regional confederations. The plan had faced criticism from organizations including UEFA and other continental football bodies, raising concerns over the future commercial direction of world football. This report examines why the proposal was withdrawn, the resistance from football's governing bodies, and what the decision could mean for FIFA and the future of the World Cup. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download A

Tags: FIFA, World Cup, Gianni Infantino, football, soccer, UEFA, FIFA investment, World Cup rights, sports business, football news, FIFA Congress, football governance, private equity, Club World Cup, sports finance, world football, breaking sports news, Al Jazeera English, FIFA World Cup investment plan, FIFA stake sale