HomeBusinessReal Madrid welcome scrapping of FIFA’s World Cup investor plan

Real Madrid welcome scrapping of FIFA’s World Cup investor plan

Spanish giants Real Madrid on Sunday welcomed FIFA’s decision to scrap their controversial plan to allow private investment in the World Cup.

FIFA chief Gianni Infantino was forced into a humiliating climbdown on Friday after strong backlash against the idea from European football governing body UEFA and several other confederations.

“Our club believes this is good news for football, for its institutions and, above all, for the millions of fans of our beloved sport,” said Los Blancos in a statement.

“Real Madrid wishes to express its gratitude to UEFA, to the confederations and federations, and to all the institutions that firmly and responsibly opposed this project.

“Their unity and sense of duty have protected football at a decisive moment.”

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