North American Nations Reject Infantino's World Cup Investment Plan After UEFA's Boycott Threat
Concacaf and the CFU said FIFA’s plan lacked due process and would force a restructuring with private investors and $20 million payouts.
- On Thursday, July 30, Concacaf rejected FIFA's proposal to create the FIFA Forward Enterprise commercial subsidiary, citing a rushed process that bypassed proper governance.
- FIFA President Gianni Infantino unveiled the plan on July 28, intending to raise $4.2 billion by selling stakes in the new subsidiary valued at $20 billion.
- During the meeting, Concacaf members expressed "deep concerns about the lack of due process" and questioned the need for private equity funding following the most profitable FIFA World Cup in history.
- With UEFA's 55 members and Concacaf's 35 voting members opposed, 90 votes are already against the plan; UEFA announced its member associations will boycott all FIFA competitions, including World Cups.
- The Caribbean Football Union and Saint Lucia Football Association President Lyndon Cooper joined the opposition, as this escalating executive civil war threatens to disrupt the governance of world football.
87 Articles
87 Articles
Earthquake in football against FIFA's project to sell world rights, with European football against it.
FMF analyzes FIFA’s idea of privatizing its tournaments, while UEFA and Concacaf go to boycott, taking care of Infantino’s business and MX League
CONCACAF rejects FIFA World Cup Stake sale proposal, Mexico says it will review plan
“The discussion reinforced the need for greater transparency and proper governance,” CONCACAF said in a press release. “For these reasons, CONCACAF and its 41 Member Associations have: Rejected the proposal.”
CONCACAF Rejects FIFA's World Cup Stake Sale Proposal, Raises Governance Concerns
Get latest articles and stories on Sports at LatestLY. CONCACAF and its 41 member associations on Thursday rejected FIFA's proposal to sell a stake in the World Cup's commercial rights, but stopped short of joining UEFA's proposed boycott of the tournament. Sports News | CONCACAF Rejects FIFA's World Cup Stake Sale Proposal, Raises Governance Concerns.
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