(Bloomberg) -- FIFA President Gianni Infantino abandoned a controversial plan to create a commercial entity that would have opened the door to outside investors for the World Cup, bowing to intense opposition from key regional football bodies and top clubs.

The new initiative is the second time Infantino has attempted to privatise football assets, with the first being in 2018 where the FIFA chief proposed a multi-billion dollar…

The new initiative is the second time Infantino has attempted to privatise football assets, with the first being in 2018 where the FIFA chief proposed a multi-billion dollar…