Geneva, Aug. 1 -- FIFA President Gianni Infantino on Saturday announced the withdrawal of the proposed FIFA Forward Enterprise (FFE) project, which would have established a commercial subsidiary to manage FIFA's major competition rights and open part of the company's equity to external investors.
The withdrawal came after strong opposition from UEFA, several other continental confederations and key figures within FIFA.
In a statement, Infantino said FIFA had carefully considered stakeholder feedback and concluded that the project could no longer serve its original purpose.
"Having listened carefully to all the views, it has become clear that the project has created divisions of a nature that, regardless of the level of support, are no lo...