Breaking: FIFA calls off plans to sell stakes in future World Cups to private investors
FIFA President Gianni Infantino has officially canceled plans to sell stakes in future World Cups to private investors following widespread backlash. Major football confederations, including UEFA and Concacaf, strongly opposed the proposal, leading FIFA to abandon the project to avoid further division.
Why it matters
The decision preserves the current governance structure of international football and prevents the potential commercialization of the sport's most prestigious tournament.
Breaking: FIFA calls off plans to sell stakes in future World Cups to private investors appeared first on ClutchPoints . Add ClutchPoints as a Preferred Source by clicking here .
Following a strong and successful FIFA World Cup, President Gianni Infantino announced plans to sell stakes in future World Cups to private investors. That was met with a strong level of opposition, and it happened rather quickly.
UEFA, the governing body for 55 European football associations, was first to strongly oppose the proposal . They joined together on Thursday, following a virtual meeting, to unanimously oppose and boycott Infantino and the World Cup.
Concacaf, the governing body for the 41 nations in the Americas, came out late Thursday and also announced they were joining UEFA in their opposition of the proposal. On Friday morning, the Asian Football Confederation joined the first two in their opposition.
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