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UEFA said it had lost confidence in FIFA President Gianni Infantino on Saturday after world soccer’s governing body abandoned plans to sell a stake in the commercial rights to the World Cup.
FIFA’s proposal had triggered a fierce backlash from regional confederations who said they had been blindsided by Infantino’s plans to raise up to $4.2 billion by selling about a 20% stake to private investors in a new unit that would run FIFA events, including the World Cup.
The swift reversal has exposed growing unease within world soccer over Infantino’s leadership style, with soccer officials demanding greater oversight of decisions that could reshape the governance and commercial future of the sport.
