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FIFA stops sale of World Cup shares

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The football world group FIFA stops a plan. Boss Gianni Infantino wants to sell parts of the World Cup. Private money givers shall buy shares in a new firm. FIFA wants 4 billion euro from this. Many people in sports criticize this. The group UEFA is also against the plan. UEFA threatens with a boycott. This means: The countries do not play anymore.

Infantino reacts to the criticism now. He says: The project brings too much fight. Unity in football is more important than money. Therefore, the plan stops now. A key helper of Infantino steps down already. He calls the plan a bad deal for football. FIFA sells no shares now. The World Cup stays like it is.

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Definitions

FIFA
The FIFA is the world group for football. It plans big tournaments like the World Cup.
UEFA
The UEFA is the group for football in Europe. Many known countries belong to it.
Boykott
A boycott is a refusal. You do not join a thing on purpose to protest.
Investor
A money giver is a person who gives money to firms and wants profit later.

People

Gianni Infantino
Gianni Infantino is the boss of the world football group FIFA.
Carlos Cordeiro
Carlos Cordeiro is a former helper of the FIFA boss.
Andy Burnham
Andy Burnham is a politician from Great Britain.

Locations

Großbritannien
An island state in the north west of Europe.

Sources

Logo 20 Min
20 Min

Fussball: Fifa zieht Pläne zum Teilverkauf von WM-Anteilen zurück

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la Repubblica

Infantino si ferma, la Fifa rinuncia al piano per vendere i Mondiali: “La proposta non andrà avanti”

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Logo Al Jazeera
Al Jazeera

FIFA’s Infantino scraps controversial World Cup private investment plan

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Logo SRF
SRF

Nach Kritik an den Plänen - Fifa zieht Investorenpläne zurück

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Logo Bild
Bild

FIFA gibt Investorenpläne auf: Infantino knickt bei Investorenplänen ein

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