Concacaf issues verdict on Fifa plans to sell stake in the World Cup

Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleCONCACAF, the football governing body for North, Central America, and the Caribbean, along with its 41 member associations, has rejected FIFA's proposal to sell a stake in the World Cup. The decision, made during a meeting, cited deep concerns over a lack of due process, an unreasonably short deadline, and the absence of review from relevant FIFA governance bodies. This follows a unanimous rejection by UEFA, the European football governing body, which threatened a boycott of all FIFA tournaments if the proposal to transfer ownership interests to private investors proceeds. FIFA's proposal involves creating a $20 billion subsidiary to run the World Cup and other events, offering minority stakes to private investors and significant financial incentives to member associations. The Asian Football Confederation and various players' bodies have also voiced strong opposition, criticising FIFA's unilateral actions and the potential negative impact on the sport. In fullConcacaf rejects Fifa’s World Cup stake sale proposal citing ‘deep concerns’ about the processMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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