FIFA has abandoned its recent proposal to create a commercial venture that would sell minority stakes in the World Cup to private investors. The plan, announced only days prior, faced immediate and strong condemnation, including a boycott from European countries. This backlash led FIFA to retract the initiative entirely.

The decision marks a significant reversal for FIFA, which had sought to monetize the World Cup through private investment. However, the swift and unified opposition from European nations underscored the contentious nature of the proposal.

Sources:

Read more on NPR