FIFA’s Infantino abandons contentious plan for private investment in the World Cup | World Cup News

FIFA has decided not to move forward with a controversial plan to sell a 20% stake in a new unit managing FIFA events, aiming to raise up to $4.2 billion. This decision comes after strong opposition from member associations, particularly UEFA, which voted to boycott FIFA. FIFA President Gianni Infantino stated the proposal was designed to unite football, but the backlash revealed deep divisions. There have been resignations among FIFA officials, with calls for a review of its governance and decision-making processes. Infantino, facing scrutiny over his leadership and plans for reelection, must now navigate the fallout from this proposal. The next election to decide the FIFA presidency is scheduled for March 18, 2024.