"Having listened carefully to all the views, it has become clear that the project has created divisions of a nature that, regardless of the level of support, are no longer in the interest of the objective set out in the first place," the FIFA president said in a statement on Friday.

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…