World News

FIFA has abandoned its proposal to sell a 20% stake in a new unit managing World Cup events, intended to raise $4.2 billion, following significant opposition from member associations, particularly UEFA. President Gianni Infantino acknowledged the divisions the plan caused and confirmed the project’s discontinuation.

FIFA’s Chief Operating Officer, Kevin Lamour, stated staff were misled regarding President Gianni Infantino’s plan to sell World Cup profit stakes to private equity. Lamour advocated against the proposal, highlighting the need for transparent decision-making within the organisation, following the resignation of senior adviser Carlos Cordeiro.

The death toll from the twin earthquakes in Venezuela has exceeded 5,000, with National Assembly President Jorge Rodriguez confirming 5,069 fatalities, primarily in La Guaira. As recovery efforts continue, approximately 20,000 people remain displaced. Concurrently, the IMF has released $346 million in emergency funds for humanitarian aid.

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