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FIFA reverses course on World Cup private investment plan

FIFA reverses course on World Cup private investment plan

Summary

FIFA President Gianni Infantino canceled a plan to sell private shares in the World Cup after many member countries criticized the idea. The plan involved allowing private investors to buy shares in the tournament.

Key Facts

  • FIFA planned to sell private shares in the World Cup.
  • The plan was announced by FIFA President Gianni Infantino.
  • Many member countries of FIFA criticized the plan strongly.
  • Following the criticism, Infantino canceled the proposal.
  • The World Cup remains under FIFA's direct control for now.
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