breakingnews.ie·3 min read·medium
Gianni Infantino says Fifa has scrapped World Cup investment plan
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By Rob Freeman and Jamie Gardner, Press Association
✦AI Summary
FIFA President Gianni Infantino announced that the organization has scrapped plans to sell stakes in a commercial entity that would manage its competitions. The decision follows significant backlash from continental confederations and threats of boycotts.
Fifa "will not proceed" with plans to sell stakes in a company which would run the commercial and operational aspects of its competitions, a statement from president Gianni Infantino said.
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