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FILE - Asia Football Confederation President Salman Bin Ibrahim Al-Khalifa, left, poses with FIFA President Gianni Infantino during an inauguration ceremony for the new building of the Asia Football Confederation in Kuala Lumpur, Malaysia Tuesday, Oct. 30, 2018.

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Infantino abandons plans to sell World Cup profits to private equity following massive pushback

Infantino abandons plans to sell World Cup profits to private equity following massive pushback

FIFA President Gianni Infantino is abandoning his divisive plan to sell World Cup profits to private equity after receiving pushback from all corners of the soccer world. Infantino’s decision came after his senior adviser who sat on a White House panel resigned and Asia’s soccer body joined Europe and North America in opposing it. Infantino had proposed creating a $20 billion company to run the World Cup with private investors including the Kushner family, but drew backlash that grew every day. UEFA’s 55-member nations agreed to boycott the World Cup and all other FIFA competitions over Infantino’s plan, followed by CONCACAF and the Asian Football Confederation.