Key facts
- FIFA President Gianni Infantino's plan to sell stakes in the World Cup was abandoned.
- The plan faced global condemnation.
- FIFA's leadership reaffirmed their full support for Infantino.
- FIFA apologized for mistakes made in the process.
FIFA President Gianni Infantino's initiative to sell stakes in the World Cup has been withdrawn after encountering significant global opposition. The plan, which aimed to generate revenue by selling stakes in the tournament, faced widespread condemnation from various stakeholders. Despite the fallout and criticism, FIFA's leadership has publicly stated their unwavering support for President Infantino. In the wake of the abandoned proposal, the organization issued an apology, acknowledging mistakes made in the process of developing and communicating the plan. The exact nature of the proposed stakes and the potential buyers were not detailed in the initial reports, but the swift global backlash led to the plan's immediate termination. FIFA's leadership emphasized their commitment to Infantino's vision and leadership moving forward, despite this particular proposal's failure.