FIFA has issued an apology following widespread criticism of a proposal to allow private investors to fund some of its operations. The governing body of world football said it had listened to concerns from stakeholders and fans, and that the plan would not proceed in its current form.
The controversy began when FIFA explored creating a new entity to manage its commercial rights, which would have involved selling stakes to outside investors. Critics argued that this could compromise FIFA's non-profit status and lead to conflicts of interest.
In a statement, FIFA acknowledged the backlash and said it would engage in further consultations before making any decisions. The organization emphasized its commitment to transparency and to protecting the integrity of football.
The apology comes amid broader debates about the commercialization of sports governance. FIFA has not provided details on alternative plans, but insists that any future steps will be taken with the sport's best interests at heart.
