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FIFA drops plan to sell World Cup commercial rights stake to investors — newspaper
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TASS
The International Federation of Association Football (FIFA) has abandoned a proposal by President Gianni Infantino to sell a stake in World Cup commercial rights to private investors, the New York Post reported.
According to a source cited by the newspaper, the controversial plan collapsed following opposition from football officials around the world and a major rift among senior FIFA executives.
Earlier, Infantino’s proposal was rejected by the Union of European Football Associations (UEFA), the Confederation of North, Central America and Caribbean Association Football (CONCACAF), the Asian Football Confederation (AFC), and the South American Football Confederation (CONMEBOL).
The plan envisaged the creation of a commercial subsidiary, FIFA Forward Enterprise, which would control major FIFA men’s and women’s competitions.
However, the proposal drew strong criticism from football officials, federations and other organizations.