Second confederation to reject FIFA's plan to privatize
By OnzeActu · · 5 min read
CONCACAF has officially declared its unanimous rejection of FIFA's plan to introduce private capital into the financing of the World Cup, denouncing a lack of transparency and adequate process. This refusal is added to that already expressed by UEFA, marking an important obstacle for the initiative of the Infantino presidency.
According to Sports.
Why it matters
The unanimous rejection of CONCACAF, after that of UEFA, underlines a growing resistance within football confederations to FIFA's initiatives. This opposition highlights fundamental concerns about transparency and governance in the financing of the World Cup, a flagship event in international football. FIFA's ability to attract private funding for its future programs is now in question, which could have significant repercussions on its business model.
Key points
- Second confederation to reject FIFA's plan to privatize.
- CONCACAF has officially declared its unanimous rejection of FIFA's plan to introduce private capital into the financing of the World Cup, denouncing a lack of transparency and adequate process.
- 🚨 Backlash grows: a second confederation rejects FIFA plan - Yahoo Sports.
FIFA faces major new opposition to its controversial plan to open up the World Cup's financial capital to the private sector. After strong criticism and the threat of boycott from UEFA, the North American, Central and Caribbean confederation, CONCACAF, adopted a firm stance by unanimously rejecting this initiative during an emergency meeting bringing together its 41 member federations.
In an official statement, CONCACAF expresses its deep disagreement with the creation of “FIFA Forward Enterprise” and the sale of shares in the World Cup to private funds. The organization points to several major inadequacies in the process presented by FIFA, including the lack of adequate procedure, an artificially imposed shortened deadline, and the absence of review or approval by the competent FIFA bodies.
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“Members expressed serious concerns about the lack of transparency and good governance in this proposal, in the context of a FIFA Forward program historically funded after the most profitable World Cup ever,” the statement said. These remarks come as the project should allow FIFA to attract private capital to finance its current and future programs, raising an essential debate on the nature and directions of financing of world football.
CONCACAF's position is part of a growing political standoff for President Gianni Infantino. To date, the African continent (CAF), Asia (AFC) as well as South America (CONMEBOL) have not yet communicated their opinions on the subject, which leaves uncertainty surrounding the final adoption of this project within the FIFA confederations.
The joint rejection of UEFA and CONCACAF raises crucial questions about the future of the World Cup economic model and marks a new stage in the contestation of certain reforms envisaged by the current governance of FIFA. As the 2026 World Cup, co-hosted by the United States, Canada and Mexico, approaches, the management of financial resources remains a primary issue for international football.
The rest
With two major confederations opposing its project, FIFA could be forced to review its financing strategy for the World Cup. Growing pressure from federations could also prompt FIFA to engage in a more open and transparent dialogue with its members. Future discussions could focus on finding alternative financing solutions that respect the principles of good governance and transparency, essential for international football.
Frequently asked questions
What happened with the FIFA project?
CONCACAF unanimously rejected FIFA's plan to privatize World Cup funding at an emergency meeting.
Who confirmed the rejection of the FIFA project?
CONCACAF confirmed its rejection of the project in an official statement after a meeting of its 41 member federations.
Why is CONCACAF opposing this project now?
The CONC
ACAF opposes the project due to concerns about a lack of transparency, good governance and an inadequate process.
What are the main criticisms made by CONCACAF?
CONCACAF highlighted major shortcomings, including the absence of an adequate procedure, a shortened deadline and the absence of review by the competent FIFA bodies.
What changes could the FIFA project bring about in football financing?
The project aims to enable FIFA to attract private capital to finance its programs, raising questions about the nature of funding for world football.
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