- CONCACAF, 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 FULL
