00:00FIFA president Gianni Infantino is dropping his divisive plan to sell World Cup profits to private equity after worldwide uproar
00:09against the scheme.
00:11The pushback was led by European football's governing body UEFA, which said it would boycott the tournament if the sell
00:18-off went ahead.
00:19North America's CONCACAF and the Asian Football Confederation also opposed the plan.
00:24On Friday, Infantino's senior advisor resigned and FIFA's chief operating officer came out against the plan.
00:33In a statement on Friday, Infantino said he was abandoning the proposal, but the misstep could prove costly.
00:40Up for re-election in March, Infantino was expected to run unopposed, but that could change ahead of the November
00:48deadline for other candidates to enter the race.
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