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FIFA cancels World Cup private investment plan

FIFA President Gianni Infantino announced Friday that he is canceling a proposal that would have allowed the world soccer governing body to sell private shares in the World Cup. The reversal came after the plan drew heavy criticism from member nations.

Infantino held a crisis meeting on Wednesday in Morocco following the controversy over opening up the World Cup to private investors. In a joint letter with Secretary General Mattias Grafström, he acknowledged mistakes and a lack of consultation. Despite the controversy, FIFA officials reiterated their full support for the organization's president.

Separately, Poland said its preparations to host the Women's Under-20 World Cup remain on schedule, despite fallout between UEFA and FIFA.

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