FIFA bins controversial private investment plan after backlash
FIFA bins controversial private investment plan after backlash
www.euronews.com
FIFA bins controversial private investment plan after backlash
"The current FIFA leadership has not only lost UEFA’s confidence but also that of many other members of the football family," UEFA said in a statement responding to FIFA's announcement.
The venture aimed to cash in on what Infantino described as the sport's "remarkable commercial value" by inviting third parties to take minority, non-controlling investments in the proposed FIFA Forward Enterprise subsidiary.