FIFA scraps controversial $20 billion World Cup investment plan
European soccer’s governing body UEFA threatened Thursday to boycott future men’s and women’s World Cups in reaction to the proposal.
FIFA’s proposed plan to sell private stakes in upcoming World Cup tournaments that sparked backlash from fans and soccer associations around the world has been scrapped, FIFA president Gianni Infantino said in a statement Friday.
Infantino had found himself increasingly isolated as pressure and opposition built up against world soccer’s governing body’s plan to inject private money into its competitions.
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