FIFA abandons private investment plan after backlash from UEFA and others

FIFA has decided to withdraw its proposal for private investors to purchase stakes in major competitions, following strong opposition from UEFA and other football bodies. President Gianni Infantino stated the initiative had caused divisions and was not in line with FIFA's intent to unite the sport. UEFA called the decision welcome and plans to work with its associations on ensuring transparency moving forward. The proposal had aimed to enhance funding for member associations through a new commercial subsidiary, but encountered widespread condemnation and threats of boycotts from UEFA and CONCACAF, highlighting a significant trust issue with FIFA's leadership.

• 10:36 AMYahoo Sports — FIFA bins controversial private investment plan after backlash