The Asian Football Confederation said on Friday it was backing UEFA and CONCACAF over serious concerns about FIFA's proposal to sell a stake in the business operations of the World Cup.

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…

FIFA's announcement also produced a furious backlash from European football's governing body UEFA, which said the World Cup was not an "asset to trade".

FIFA is proposing to sell a 20 per cent stake in FIFA Forward Enterprise (FFE) to private investors.