FIFA has officially abandoned plans to open the commercial rights of the World Cup to private investors.
President Gianni Infantino confirmed the governing body will no longer pursue a proposal to create a new commercial company that would have allowed outside investors to acquire a stake linked to the World Cup and other FIFA competitions.
The decision follows widespread opposition from across world football, including threats of a boycott from UEFA's 55 member associations and concerns raised by other confederations and senior FIFA figures.
Pressure is mounting on FIFA after one of President Gianni Infantino's closest advisers resigned over the organization's proposed World Cup investment plan.
Former U.S. Soccer president Carlos Cordeiro stepped down as a senior adviser after opposing FIFA's reported proposal to sell a minority stake in a new commercial company linked to the World Cup and other major tournaments.
Calling it "a bad deal for football," Cordeiro argued FIFA has no financial need to sell its most valuable commercial assets. His resignation comes a day after UEFA's 55 member associations reportedly threatened to boycott FIFA competitions if the proposal moves forward.
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All 55 UEFA member associations have reportedly agreed to boycott the FIFA World Cup and all other FIFA competitions if a proposal to sell a stake in a new commercial entity managing World Cup rights to private equity investors is approved.
The plan would reportedly create a company valued at around $20 billion, with up to 20% ownership offered to outside investors.
The Asian Football Confederation has also reportedly raised concerns with its 47 member associations, warning that the restructuring would require backing from football's regional confederations.
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Watching every MCU movie and Disney+ series before Avengers: Doomsday would reportedly take nearly 300 hours, spanning years of interconnected stories, major character arcs, and key events that lead into Marvel Studios' next Avengers blockbuster.