Gianni Infantino, the embattled president of soccer's governing body FIFA, has abandoned his controversial plan to create a $20 billion company, FIFA Forward Enterprise, that would control the commercial rights to its events, principally the World Cup. AdvertisementAdvertisement AdvertisementMore from VarietyThe survival of Infantino, who is up for re-election for a fourth term as president at the FIFA Congress in March, is now in doubt. The climbdown by Infantino follows a threat by European countries, represented by the continent's soccer governing body UEFA, to boycott all FIFA events, including the World Cup, if the plan moved forward. Resistance to the plan had also come from within FIFA. This would have been partially funded by the sale of a roughly 20% stake in FIFA Forward Enterprise to an investor group led by Thrive Eternal.