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Key points
- FIFA President Gianni Infantino said the proposed private-investment project would not proceed after creating divisions within football.
- The FIFA Forward Enterprise plan would have offered minority, non-controlling stakes in a subsidiary managing commercial operations and events, including World Cups.
- UEFA and its 55 member associations had threatened to boycott FIFA competitions unless the proposal was withdrawn and future private ownership ruled out.
How the story developed
A living timeline
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Latest development
FIFA faced backlash Wednesday, after announcing the proposed stake sale and subsidiary plans on Tuesday.
Latest development
FIFA President Gianni Infantino said the private-investment proposal had been abandoned after creating divisions and no longer serving its stated objective.
Source transparency