FIFA chief Infantino cancels World Cup stake sale following intense criticism
FIFA President Gianni Infantino has abandoned the FIFA Forward Enterprise initiative, noting that the proposal caused friction among various stakeholders. The project had aimed to sell a 20% share in a $20-billion organization tasked with overseeing FIFA’s business activities, such as the World Cup. Infantino stated that FIFA will instead focus on uniting all relevant parties to further develop football in regions that require additional assistance.
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