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The Economic Times
The Economic Times
National

FIFA scraps World Cup sell-off plan after resistance from members

Fifa Gianni Infantino World Cup UEFA Champions League Donald Trump United States Concacaf Football Joshua Kushner

FIFA President Gianni Infantino said on Friday that world soccer's governing body had scrapped plans to sell a stake in the ​World Cup to private investors after widespread backlash.

FIFA's ​plan was to raise up to $4.2 billion by selling about a 20% stake in a new ​unit that would run FIFA events, including the World Cup.

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