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Concacaf Comprising 41 Countries Rejects FIFA Plan To Sell World Cup Stakes To Private Investors
The Confederation of North, Central America and Caribbean Association Football (Concacaf) and its 41 member associations have rejected a proposal by FIFA President, Gianni Infantino, to create a "FIFA Forward Enterprise" and sell interests in the FIFA World Cup to private investors, citing concerns over transparency, governance and due process. The decision followed a meeting of presidents of Concacaf's 41-member associations, the confederation's president, council members and FIFA Council representatives, where the proposal was discussed.
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channelnewsasia.com
American, Asian confederations left blindsided by FIFA's $20 billion investment plan
July 29 : FIFA's bombshell proposal to sell stakes in a $20 billion commercial subsidiary has drawn strong criticism from soccer's regional confederations, which said they were…
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Regional confederations left blindsided by FIFA's $20 billion investment plan
July 29 : FIFA's proposal to sell stakes in a $20 billion commercial subsidiary has drawn strong criticism from soccer's regional confederations, which said they were blindsided…
