FIFA is scrapping a proposed plan to allow private investment in the World Cup, according to FIFA President Gianni Infantino. The move follows a period of backlash from football officials worldwide after the proposal was floated earlier in the week. In a statement on Saturday, Infantino said the proposal will not proceed and that FIFA’s “purpose” is to unite and improve football. The Vancouver Sun reports that FIFA raised the plan on Tuesday, and subsequent criticism prompted FIFA to reverse course. Al-Monitor adds that Infantino frames the decision as part of FIFA’s broader mission and response to concerns raised by football stakeholders. While details of how private investment would have worked were not included in the excerpts provided, both sources agree on the key point: FIFA drops the private investment proposal after objections and negative reaction from officials. The decision marks a reversal of FIFA’s earlier effort to introduce private investment into the World Cup structure.
Infantino says FIFA scraps private investment plan for World Cup after backlash
FIFA is scrapping a proposed plan to allow private investment in the World Cup, according to FIFA President Gianni Infantino. The move follows a period of backlash from football officials worldwide af...
- FIFA President Gianni Infantino says FIFA is scrapping a World Cup private investment proposal.
- The decision comes after backlash from football officials worldwide.
- FIFA floated the private investment plan on Tuesday.
- Infantino states the proposal will not proceed, citing FIFA’s purpose to unite and improve.
- The announcement is made in a statement dated Saturday.
FIFA president Gianni Infantino said on Saturday he has scrapped a plan to allow private investment in the World Cup following fierce backlash from football officials worldwide. "Our purpose has always been -- and will always be -- to unite and improve," Infantino said in a statement. "As a result, this proposal will not proceed."
3 hours agoFIFA had floated the plan on Tuesday
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