FIFA President Gianni Infantino has reportedly canceled a controversial proposal to sell stakes in the World Cup to private equity investors. The decision follows widespread opposition to the initiative.
The proposed plan involved a significant $20 billion investment scheme. This move represents a notable setback for President Infantino's strategic agenda for the global football organization.
The cancellation comes after a statement from UEFA and its 55 national associations, highlighting concerns over the investment strategy. This is a developing story and will be updated as details emerge.
