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FIFA abandons contentious $20 billion World Cup funding proposal

FIFA has decided to abandon its controversial plan to sell private stakes in future World Cup tournaments, a decision announced by FIFA president Gianni Infantino. In his statement, Infantino noted that the proposal had generated significant backlash from fans and soccer associations worldwide.

Infantino emphasized the importance of unity and improvement in the sport, stating, “Having listened carefully to all the views, it has become clear that the project has created divisions… that are no longer in the interest of the objective set out in the first place.” As a result, he confirmed that the proposal would not proceed.

This is a developing story, and updates will follow.

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