Politics · World

FIFA abandons World Cup stake sale plan amid widespread opposition

FIFA has abandoned its plan to sell a stake in its commercial operations, a deal reportedly valued at $4.2 billion to $20 billion. The decision followed significant opposition from football federations and continental bodies, including UEFA, CONCACAF, and the AFC. FIFA President Gianni Infantino announced the withdrawal after considering all views. The controversy also saw the resignation of FIFA President Gianni Infantino's senior advisor, Carlos Cordeiro, who stated he had no involvement and opposed the sale.

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