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FIFA scraps World Cup sell off plans Football 17 min ago

FIFA scraps World Cup sell off plans Football 17 min ago

By GhanaSummary NewsroomKenya2 sources

On Thursday, UEFA's 55 member nations voted unanimously to boycott all FIFA tournaments until the proposal was withdrawn, saying that the World Cup "cannot be treated as an investment product.2 billion by selling about a 20% stake in a new unit that would run FIFA events, including the World Cup.

FIFA President Gianni Infantino said on Friday that world soccer's governing body had scrapped plans to sell a stake in the World Cup to private investors after widespread backlash.

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