FIFA's plans to sell Sh540b stake in its tournaments widely criticised

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FIFA President Gianni Infantino (R) and US President Donald Trump arrive for the final ceremony after the 2026 World Cup at the New York/New Jersey Stadium in East Rutherford on July 19, 2026. [CHARLY TRIBALLEAU/AFP]

CONCACAF followed UEFA on Wednesday by criticising FIFA's controversial plans to sell a stake in the business operations of the World Cup and its other competitions through the creation of a semi-private subsidiary.

World football's governing body said Tuesday it would retain a majority share in FIFA Forward Enterprise (FFE) but hoped to raise $4.2 billion later this year by "carefully selecting long-term investors who will purchase minority, non-controlling interests".

FIFA's statement was a rapid response to a story in British newspapers The Times and The Financial Times based on leaks of the plan from two sources.