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PARIS: FIFA president Gianni Infantino has lost the “confidence” of European football’s governing body after his plan to allow private investment in the World Cup was withdrawn following a global backlash. “The current FIFA leadership has not only lost UEFA’s confidence but also that of many other members of the football family,” read the statement.
Aug 1 : FIFA faced renewed calls for transparency on Saturday after it abruptly shelved plans to sell a stake in the commercial rights to the World Cup, a proposal that triggered fierce backlash from regional confederations that said they had been blindsided.
Aug 1 : FIFA president Gianni Infantino, hitherto untouchable at the helm of soccer's global governing body, suffered a crushing blow on Friday when his bold reach for private equity riches was brought to an end in the face of a ferocious backlash.
Fifa “will not proceed” with plans to sell stakes in a company which would run the commercial and operational aspects of its competitions, a statement from president Gianni Infantino said.
Aug 1 : Asian Football Confederation President Sheikh Salman bin Ebrahim Al-Khalifa on Saturday welcomed FIFA's decision to walk back plans to sell a stake in the World Cup and stressed the need to discuss all such moves with transparency in the future.
PARIS: World football governing body FIFA said on Friday (Jul 31) it was scrapping a plan to allow private investment in flagship events after fierce backlash from football officials worldwide.
FIFA president Gianni Infantino said on Friday that world soccer's governing body has scrapped plans to sell stakes in the World Cup to private investors after widespread backlash.
FIFA president Gianni Infantino scrapped his proposal to sell stakes in the World Cup after widespread backlash, including from within global soccer's governing body, and a threatened boycott by European Nations.