According to a report by Sky News today, FIFA President Infantino has “abandoned plans to sell part of the shares in FIFA events such as the World Cup.” According to the report, in a statement obtained exclusively by Sky News, Infantino said, “After carefully listening to the opinions of all parties, I realized that the project had caused serious differences. Regardless of approval ratings, this situation is no longer in line with our original stated goals. Our purpose has always been — and always will be — to unite all parties and seek progress. As a result, the proposal will not advance.” The statement also said that Infantino “plans to reconvene all stakeholders in the next few weeks and months based on common concerns about soccer, to continue developing the soccer business on a global scale, especially to provide more support for the development of soccer in those countries that need support the most.” Infantino previously planned to set up a $20 billion subsidiary to run the World Cup and other events, and sell minority shares to private investors. However, this proposal was strongly opposed by many continental football federations, led by UEFA. UEFA announced a boycott of all FIFA events, including the World Cup, on July 30. Infantino's senior adviser also resigned as a result.

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