FIFA scraps World Cup sell-off plans
Europe
Sports
High confidence — 88/100
- World football's governing body, FIFA, has scrapped plans to sell a stake in the World Cup to private investors after a widespread backlash.
- "The plan was to raise $US4.2 billion ($5.9 billion) by selling about a 20 per cent stake in a new unit, valuing it at $US20 billion.
- European football's governing body, UEFA,
Confirmed
- World football's governing body, FIFA, has scrapped plans to sell a stake in the World Cup to private investors after a widespread backlash.
- "The plan was to raise $US4.2 billion ($5.9 billion) by selling about a 20 per cent stake in a new unit, valuing it at $US20 billion.
- European football's governing body, UEFA,