Saturday, 1 August, 2026
Whistle Blown: FIFA Abandons $20B World Cup Privatization Plan
By TechShots Studio
FIFA has scrapped its controversial plan to sell a 20% stake in a new commercial subsidiary valued at $20 billion following widespread backlash from soccer officials worldwide. Facing a boycott threat from UEFA's 55 member nations, high-profile staff resignations, and accusations of putting the sport's "soul" up for sale, FIFA President Gianni Infantino conceded the proposal caused too much division and officially withdrew it.