Fifa scraps controversial World Cup investment plan
FIFA president Gianni Infantino scrapped the controversial plan to sell off stakes in the governing body's major competitions following widespread opposition. Infantino stated the project had "created divisions" that are "no longer in the interest" of its original objective, and as a result, "this proposal will not proceed." Infantino had offered all 211 member associations $40m (£30m) if they backed a proposal for private investment in its tournaments, including the men's and women's World Cups.
European football's 55 member associations, Uefa, voted on Thursday to boycott World Cups if the plans went ahead. FIFA's chief operating officer Kevin Lamour said the governing body's own administration had been "deceived" about the project. Carlos Cordeiro, Infantino's senior adviser on global strategy and governance, resigned over the matter, calling the proposal "a bad deal for football" and stating it would "mortgage football's future." Concacaf members "rejected" the proposal, and the Asian Football Confederation (AFC) stood in "solidarity" with Uefa and Concacaf. UK Prime Minister Andy Burnham said Infantino was "the wrong man" to lead Fifa. Infantino, 56, is seeking re-election for a fourth term as president at the Fifa Congress in March.
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FIFA President Gianni Infantino faced widespread opposition over a controversial plan to sell stakes in the governing body's major competitions. The
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