Infantino abandons plans to sell World Cup profits to private equity following massive pushback
FIFA President Gianni Infantino has officially abandoned a controversial proposal to sell a stake in World Cup profits to private equity investors. The decision follows widespread opposition from major football confederations, including UEFA, CONCACAF, and the Asian Football Confederation, as well as the resignation of a senior FIFA adviser.
Why it matters
The collapse of this deal preserves the traditional governance structure of the world's most popular sporting event and prevents the privatization of a major global cultural asset.
FIFA President Gianni Infantino is abandoning his divisive plan to sell World Cup profits to private equity after receiving pushback from all corners of the soccer world.
Mr. Infantino's decision came after his senior adviser who sat on a White House panel resigned and Asia's soccer body joined Europe and North America in opposing it.
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