The football world governing body FIFA is scrapping a controversial plan to sell stakes in the World Cup to private investors after a fierce backlash from several of the world’s continental federations, and a threat from Europe to boycott future tournaments if the plan went through.
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“Having listened carefully to all the views, it has become clear that the project has created divisions of a nature that, regardless of the level of support, are no longer in the interest of the objective set out in the first place,” FIFA President Gianni Infantino said on Friday.
