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News in English (USA) / 01.08.2026 / 08:00

FIFA Scraps Controversial World Cup Private Investment Plan Amid Widespread Backlash

In a significant reversal, FIFA President Gianni Infantino has abandoned a contentious proposal to sell stakes in the World Cup to private equity investors, following fierce opposition from various soccer organizations, including UEFA and CONCACAF. The plan, which aimed to secure a $20 billion deal, was met with outrage and threats of boycotts from European countries and numerous football managers. Critics described the proposal as a betrayal of the sport, with calls for Infantino to resign mounting amid the fallout. The decision to scrap the private investment plan marks a pivotal moment in the ongoing discussion about the future of the World Cup and its governance.
Al Jazeera, BBC, The Daily Beast, Concacaf | Official Website, CNN, The Times, The New Republic, The New York Times, The Telegraph, The Times of Israel