FIFA scraps controversial plan to sell commercial rights to private investors

FIFA President Gianni Infantino abandoned the plan to sell 20% of FIFA Forward Enterprise to private investors, designed to raise $4.2 billion.

The plan faced global backlash, with European countries threatening to boycott World Cup competitions and federations in Asia, North America, and the Caribbean expressing concerns.

Carlos Cordeiro, president of U.S. Soccer and a key architect of the World Cup, resigned in protest.

FIFA's chief operating officer Kevin Lamour publicly criticized Infantino, stating that FIFA staff were 'deceived' by the plan and that it was 'the project of one person.'