Concacaf has expressed strong opposition to FIFA's proposal to sell stakes in the World Cup to private investors, revealing that they were unaware of the plan until it was reported in the media. The organization emphasized concerns over governance and due process, stating that discussions should have involved relevant stakeholders before any public announcements.
The deadline for FIFA's 211 member associations to decide on the proposal is September 19, with an initial payment of approximately $20 million available to those who opt in. This move has sparked significant backlash from various football governing bodies, including UEFA, which is considering legal action against FIFA's approach.
As the September 19 deadline approaches, stakeholders should monitor how FIFA's proposal evolves and the potential legal ramifications from UEFA and Concacaf. The outcome could reshape governance in football and impact future World Cup formats and investments.