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Fifa scraps proposal to sell off stakes in World Cup after widespread backlash

Fifa scraps proposal to sell off stakes in World Cup after widespread backlash

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Gianni ⁠Infantino issues statement on controversial plan ‘This proposal will not proceed,’ confirms Fifa president Gianni Infantino’s proposal to sell chunks of the World Cup to private investors has sensationally collapsed, with the Fifa president admitting the project “has created divisions of a nature that are no lo

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Gianni ⁠Infantino issues statement on controversial plan ‘This proposal will not proceed,’ confirms Fifa president Gianni Infantino’s proposal to sell chunks of the World Cup to private investors has sensationally collapsed, with the Fifa president admitting the project “has created divisions of a nature that are no longer in the interest of the objective”, amid widespread anger globally.

The plan had caused ructions within football around the world, leading Uefa to threaten a boycott of future Fifa tournaments if it was not shelved.

Other confederations had also come out in opposition while one of Infantino’s senior advisors, Carlos Cordeiro, resigned on Friday in protest at the scheme.

The Fifa chief operating officer, Kevin Lamour, had also aimed a scathing rebuke at Infantino’s “serious lack of respect” in seeking to force it through with minimal consultation. Continue reading...

This summary comes from Sport | The Guardian. Read the full article at the original source.

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