FIFA abandons $4.2-billion World Cup stake sale plan after global backlash

Aug 1, 2026 - 10:30
FIFA abandons $4.2-billion World Cup stake sale plan after global backlash

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FIFA has withdrawn its plan to sell a stake in its commercial operations. Strong opposition from football federations led to the proposal's abandonment. FIFA President Gianni Infantino announced the decision after listening to all views. Major continental bodies like UEFA and CONCACAF rejected the plan. Infantino will now seek other ways to strengthen global football.

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