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Regional confederations left blindsided by FIFA’s $20 billion investment plan
FIFA’s proposal to sell stakes in a $20 billion commercial subsidiary has drawn strong criticism from football’s regional confederations, which said they were blindsided by the world governing body’s plan to bring private investors into the sport. The Confederations of North America, Central America and the Caribbean (CONCACAF) and Asia (AFC) delivered stinging rebukes on Wednesday, saying they learned of FIFA’s equity sale proposal through media reports rather than official channels.
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france24.com
FIFA's plans to sell $4.2bn stake in its tournaments widely criticised
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…
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aljazeera.com
FIFA proposes plan to sell stakes in the World Cup, angering UEFA
Football's world governing body announces plans to sell stakes of up to 20 percent in the World Cup and other events.
