FIFA, world soccer’s governing body, is shelving a controversial plan that would have allowed for billions of dollars in private commercial investment in the World Cup after the proposal was met with fierce opposition from its member nations. “Having listened carefully to all the views, it has become clear that the project has created divisions […]
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The pressure is rising on FIFA President Gianni Infantino to ditch a World Cup privatization plan that could draw investments up to $20 billion, but which has drawn widespread condemnation from most of soccer’s worldwide governing bodies. The latest rebukes of the plan came on Friday when a senior adviser to Infantino stepped down in […]
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North America’s soccer body on Thursday rejected FIFA president Gianni Infantino’s plan to sell stakes in the World Cup to private equity investors, joining European nations in opposition. The 41-member Confederation of North, Central American and Caribbean Association Football held an urgent meeting Thursday after UEFA, the European soccer body, had agreed to boycott the […]
Every major European national soccer team threatened Thursday to collectively boycott competitions organized by global soccer’s nonprofit governing body FIFA over plans by the federation to sell off a minority stake in the World Cup tournament to private investors. A source close to Joshua Kushner’s company, Thrive Capital, dismissed criticism over the firm’s involvement in […]
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