FIFA scraps private investment plan after backlash
FIFA president Gianni Infantino said on Saturday he has scrapped a plan to allow private investment in the World Cup following fierce backlash from football officials worldwide.
FIFA, world football’s governing body, had floated the plan on Tuesday, saying it could raise up to $4.” Pressure mounted on Infantino on Friday with the resignation of senior advisor Carlos Cordeiro, who called the idea “a bad deal for FIFA’s member associations, a bad deal for football, and a bad deal for the long-term future of the game”.
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