FIFA President has withdrawn the controversial proposal to sell stakes in the governing body’s competitions to private investors following widespread opposition from football stakeholders.
Infantino said it had become clear that the plan had “created divisions” that were “no longer in the interest” of its original objective.
“As a result, this proposal will not proceed,” the Swiss football administrator said.
The proposal would have seen FIFA’s 211 member associations receive $40 million (£30 million) each in exchange for supporting private investment in FIFA competitions, including the men’s and women’s World Cups.
However, the plan faced strong resistance, with threatening to boycott future World Cups if the proposal went ahead. Several other continental governing bodies also expressed opposition, prompting FIFA to abandon the initiative.
