FIFA has scrapped its controversial proposal to sell minority stakes in its competitions, including the FIFA World Cup, after facing widespread opposition from football governing bodies and member associations.
FIFA president Gianni Infantino confirmed the decision, saying the plan had created divisions that were “no longer in the interest” of its original objective. He added that the proposal would not proceed.
The governing body had proposed creating a commercial subsidiary to manage major competitions and sought private investment, with member associations offered financial incentives to support the initiative. However, the proposal drew sharp criticism from UEFA, Concacaf and the Asian Football Confederation, with UEFA even threatening to boycott future World Cups.
The controversy also led to the resignation of FIFA senior adviser Carlos Cordeiro, while chief operating officer Kevin Lamour admitted the organisation’s administration had been “deceived” over the project.
Infantino said FIFA’s focus now is to reunite stakeholders and continue working in the best interests of global football. The withdrawal comes months before FIFA’s presidential election, where Infantino is seeking a fourth term.
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