Real Madrid Backs FIFA’s Decision to Drop World Cup Private-Investment Plan
Real Madrid have welcomed FIFA’s decision to drop a proposed plan that would have allowed private investors to take stakes in the commercial operations of the World Cup and Club World Cup. FIFA president Gianni Infantino reportedly abandoned the proposal on Friday after opposition from UEFA and other football confederations. The plan was expected to raise about $4.2 billion through a new commercial subsidiary for FIFA’s biggest competitions. Madrid said the decision protects football institutions and supporters. The club also praised UEFA, national federations and other bodies that opposed the proposal.
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