FIFA president Gianni Infantino withdraws $20 billion World Cup investment plan

Gianni Infantino's iron grip on the FIFA presidency has been significantly weakened by the global uproar over a now-abandoned plan to secure private investment in the World Cup and other flagship competitions.Morocco, co-hosts of the 2030 World Cup, are one of the few to voice their support for the president.

Pressure on FIFA president Gianni Infantino intensified on Tuesday, with opposition emerging from within world football's governing body as well as from external critics over his since-abandoned proposal to open the World Cup to private investment.FIFA had floated the plan last Tuesday, saying it could raise up to $4.2 billion based on a valuation of $20 billion for a new commercial subsidiary, called the FIFA Forward Enterprise (FFE), which it proposed would run events such as the World Cup and

FIFA president Gianni Infantino's ability to brush aside criticism and push through enlarged versions of the Club World Cup and World Cup lent him an air of omnipotence, but a failed private investor plan has left his position under threat for the first time.FFE, very much seen as Infantino's project, envisaged bringing private investment into FIFA's tournaments, including the men's and women's World Cups.

FIFA President Gianni Infantino was forced to withdraw his ‘FIFA Forward Enterprise’ project, a privatisation strategy for the World Cup which would have led to a big payday for Infantino. Infantino is under major pressure after his plans for the FFE collapsed in the face of massive backlash from member confederations.

Gianni Infantino, the embattled president of soccer’s governing body FIFA, has abandoned his controversial plan to create a $20 billion company that would control the commercial rights to its events, principally the World Cup. In a statement released late Friday, Infantino said it had “become clear that the project has created divisions of a nature …

FIFA’s proposed plan to sell private stakes in upcoming World Cup tournaments that sparked backlash from fans and soccer associations around the world has been scrapped, FIFA president Gianni Infantino said in a statement Friday.

FIFA and its president Infantino faced fierce backlash across football world over plans to sell stake in World Cup.

Amid intense pressure from all corners of the world and sport, the FIFA chief has called an end to a plan that seemed destined to alter the game in ways never seen before