Fifa president abandons World Cup stake proposal amid backlash

5 min read

Fifa president Gianni Infantino abandoned a contentious plan to sell a stake in World Cup commercial rights that would have raised $4.2bn, apologising after intense opposition from national associations and confederations. The fallout included internal criticism, a senior adviser resignation, accusations of blackmail from Jordan's FA president and formal withdrawal of backing by multiple federations including five European members. UEFA and CONCACAF said they had lost confidence, while some federations declared continued support. The episode raises the prospect of an extraordinary Fifa congress if 43 members request one, possible legal action, and a prolonged battle over governance and Infantino's future.

Infantino withdrew a $4.2bn World Cup stake proposal amid widespread opposition