India, Aug. 6 -- Gianni Infantino on Wednesday apologised for the "errors" surrounding his failed plan to sell stakes in the World Cup to private investors but will remain FIFA president after senior officials at a crisis meeting in Morocco "reaffirmed their full support" for his leadership.

Infantino's proposal, known as the FIFA Forward Enterprise (FFE), sought to place the commercial rights to FIFA's biggest competitions-including the men's World Cup, women's World Cup and Club World Cup-into a separate commercial entity. FIFA would then sell a minority stake in that company to outside investors, with the venture reportedly valued at around $20 billion.

The proposal sparked fierce opposition across world football. UEFA led the backla...