FIFA president Gianni Infantino says the organisation has scrapped a World Cup-related private investment plan. Multiple outlets report that the proposal would have involved selling stakes in a company intended to handle commercial and operational aspects of FIFA’s competitions. Infantino says FIFA “will not proceed” with the plan, following opposition from the sport’s governance bodies.
According to reports, the idea was rejected by three continental confederations, prompting FIFA to abandon the proposal. The change is described as a reversal of an earlier direction for the plan, with at least one outlet reporting that Infantino backtracks after previously outlining or advancing the investment approach.
Editorial reactions quoted in some coverage indicate that figures such as Burnham view the decision as the “right decision,” but the central, shared point across sources is that FIFA does not move forward with the proposed sale of stakes and the associated transfer of commercial and operational responsibilities. Sources also agree the decision is framed as a response to confederations’ rejection.
