Argentine media: Infantino originally hoped to gain support from South America, but after failing to do so, he announced the cancellation of the FFE plan.

CONMEBOL did not support Gianni Infantino's FIFA Future Enterprises plan, which was forced to halt after losing the support of all major continental football federations.

According to a report in The Times on the 28th of last month, FIFA's intention to "sell World Cup shares to private investors" caused a stir in the football world. UEFA was the first to state that if the plan proceeded, its national teams would not participate in FIFA-organized competitions. CONCACAF and AFC followed suit. Subsequently, CONMEBOL also expressed its opposition, ultimately leading to the termination of Infantino's project.

According to sources within FIFA obtained by Infobae, Infantino originally hoped to gain the support of CONMEBOL, but decided to cancel the plan when he saw that the organization was carefully evaluating and requesting more details.

After UEFA issued a statement threatening to boycott the World Cup and other international football events, CONMEBOL also expressed reservations. Infantino ultimately concluded that if he insisted on pushing forward, the situation would be beyond his control.

On Friday, just hours before Gianni Infantino's public statement, CONMEBOL confirmed that it had "requested FIFA for more information and clarification on various aspects of the project." CONMEBOL also stated that it had "convened a council meeting solely to analyze and evaluate the proposal with due responsibility and rigor."

Subsequently, Infantino announced the abandonment of the "FIFA Future Enterprise" plan. In a statement, he said: "After carefully listening to all parties, the project has clearly caused divisions and no longer meets our original goals, regardless of the level of support... Our aim has always been unity and progress, therefore, this proposal will not be pursued."

Previously, on July 29, Gianni Infantino explained the project's concept in a video: "This is an opportunity for FIFA member associations to decide democratically. Football is the most popular sport, and therefore has extraordinary commercial value. We hope to continue to develop this value because it can elevate the entire sport of football. Our job is to ensure that everyone can benefit from it. Our sport has enormous commercial value, but it has not been fully utilized, and we need a focused and clear business strategy to develop this potential."

He then explained the economic significance of the plan: "First, through this plan, FIFA will significantly increase its funding to each member association, from the current $8 million to $20 million per association, for the new cycle starting January 1, 2027. This means a 150% increase compared to the current cycle, and this growth is guaranteed for each cycle."

However, UEFA stated its unwavering position: "As long as these proposals remain in effect, no UEFA national team will participate in any FIFA competitions." CONCACAF and AFC also expressed their opposition.

It is worth noting that Infantino needs at least 106 votes from FIFA's 211 member associations to pass the plan, as it only requires a "simple majority of more than 50%" and the support of the FIFA Council. According to the Independent, the three continental federations alone hold a combined 136 votes against the proposal, far exceeding the number of votes needed to veto it.