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FIFA’s plan to sell stakes in a new commercial subsidiary faced a swift backlash, prompting President Gianni Infantino to scrap the initiative after threats of a UEFA boycott and widespread criticism.
FIFA chief Gianni Infantino abandoned a scheme to sell a 20% stake in upcoming tournament earnings after a coordinated backlash from European and international soccer authorities, leading to resignations and doubts about his leadership.
FIFA president Gianni Infantino abandoned a controversial proposal to sell a 20% stake in future World Cup profits after intense backlash from soccer bodies, executives and fans.
A plan to sell a 20% stake in future World Cup profits to private investors, including Thrive Eternal, sparked worldwide resistance and raised doubts about Gianni Infantino's continued rule.
FIFA chief Gianni Infantino’s proposal to monetize future World Cup earnings by offering a 20% stake to private investors collapsed under pressure from European football’s governing body and a wave of resignations within the organization.
FIFA’s plan to monetize future World Cup profits through a $4.2 billion stake sale faced immediate resistance from European federations, senior officials and even Donald Trump, leading to its abandonment and casting doubt on Infantino’s reelection prospects.
FIFA President Gianni Infantino scraps a $4.2 billion private‑investment plan for World Cup profits after fierce opposition from UEFA, member federations and political figures.
FIFA chief Gianni Infantino has unveiled a $4.2 billion private investment scheme that would hand control of the sport’s lucrative revenues to a new commercial arm, sparking opposition from UEFA, rival federations and a coalition of investors.
FIFA President Gianni Infantino's plan to raise $4.2 billion by selling stakes in future World Cup revenues has ignited a firestorm, drawing condemnation from UEFA, resignations of senior officials and raising questions about the sport's governance.