FIFA president Gianni Infantino abandons plans to sell World Cup profits to private equity following massive pushback

FIFA president Gianni Infantino abandoned his plan to sell World Cup profits to private equity after global pushback.

The proposal was to create a $20 billion company to run the World Cup with private investors including the Kushner family.

UEFA's 55-member nations agreed to boycott the World Cup, and CONCACAF and the Asian Football Confederation opposed the plan.

Infantino's senior adviser Carlos Cordeiro resigned, and FIFA COO Kevin Lamour said staff were deceived by Infantino's lack of openness.

Infantino said the project would not proceed because it divided the soccer community.