FIFA chief Gianni Infantino had proposed creating a $20 billion company to run the World Cup with private investors but drew backlash that grew every day since Tuesday's announcement.

FIFA President Gianni Infantino on Saturday said he was abandoning a controversial plan to allow private investment in the World Cup after fierce backlash. Pressure mounted on…

The pressure is rising on FIFA President Gianni Infantino to ditch a $20 billion privatization plan, but soccer's governing body is doubling down and criticizing the media.