FIFA President Gianni Infantino has abandoned a controversial plan to sell stakes in future World Cup profits to private investors, including Joshua Kushner's Thrive Eternal. The proposal, which aimed to raise $4.2 billion by valuing a new subsidiary, FIFA Forward Enterprise, at $20 billion, faced widespread opposition from European soccer federations, senior FIFA staff, and fans. This backlash has jeopardized Infantino's position, despite his previous success with the recent World Cup and his strong political alliances. AI
RANK_REASON A major international sports organization's leader abandons a significant financial plan due to widespread opposition from key stakeholders. [lever_c_demoted from significant: ic=1 ai=0.0]
- Argentina
- Donald Trump
- FIFA
- FIFA Forward Enterprise
- Gianni Infantino
- Jared Kushner
- Joshua Kushner
- MetLife Stadium
- Spain
- Switzerland
- Thrive Eternal
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