FIFA Abandons Private Funding Proposal, Says Wenger

Fifa’s chief of global football development, Arsene Wenger, stated that abandoning the plan for private investment in Fifa competitions was “absolutely necessary and beyond question.” Fifa president Gianni Infantino had proposed creating a commercial subsidiary for major events, offering $40 million to member associations for support, but faced backlash, leading to the plan’s withdrawal. Wenger, who was unaware of the proposal until media reports, emphasized the need for Fifa’s integrity and transparency. Fifa secretary general Mattias Grafstrom also condemned the initiative, describing the recent turmoil as “difficult to comprehend and accept.”

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