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FIFA Drops Investor Plan Amid Backlash | Durham News
Description
FIFA’s president has scrapped a controversial plan to sell stakes in future tournaments to private investors, citing internal division and backlash from major confederations like UEFA and CONCACAF, which even threatened to boycott FIFA events. The move follows the resignation of senior advisor Carlos Cordeiro, who called it a “bad deal” for football’s future, and signals a pivot toward unity and global growth through collaboration rather than privatization.
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