FIFA, World Cup and Gianni Infantino
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FIFA cancels a highly scrutinized plan to seek outside investors for a proposed commercial subsidiary built around the World Cup.
FIFA said on Friday it will not proceed with its proposal to sell a piece of its business empire to outside investors after the project was met with fierce resistance from some of its member associations.
Three confederations were hard against the idea. The other three didn't exactly voice support either.
Gianni Infantino's plans to sell stakes in the World Cup and other FIFA tournaments were met with strong backlash.
July 31 (Reuters) - Opposition mounted on Friday to FIFA's plan to sell a stake in the World Cup to private investors, after a senior adviser to the organisation's President Gianni Infantino resigned in protest and a report said the proposal had been scrapped.
Fifa's chief operating officer strongly criticises Gianni Infantino's plan to sell stakes in competitions to private investors.
The Asian Football Confederation has joined the North, Central America and Caribbean football association and UEFA in opposition to FIFA president Gianni Infantino’s proposal to sell stakes in its competitions to private investors.