Fifa's plan faces major setback as Asian, European and CONCACAF associations oppose stake sales
The Asian Football Confederation (AFC) has joined Uefa and Concacaf in opposing Fifa’s proposal to sell stakes in World Cup competitions. In a statement published on Friday, AFC President Mohamed bin Hammam stated that the plan cannot achieve the necessary broad consensus and unity required. This move threatens approval for investors.
Fifa president Gianni Infantino's plan includes creating a commercial subsidiary to run its main events, including World Cups, with external investors able to buy stakes. Uefa has accused Fifa of using football 'to enrich themselves and their friends,' while AFC criticised the lack of consultation on the proposals.
Fifa's Response
Fifa stated early Friday that 'nobody is selling football', but acknowledged the consultation process was disrupted by incorrect media reports.
Frequently Asked Questions
What is Fifa proposing?
Fifa wants to create a commercial subsidiary to run its main events, including World Cups, with external investors able to buy stakes in it. The plan aims to generate more revenue but faces strong opposition.
Why are Asian, European and CONCACAF associations opposing the proposal?
The governing bodies of these areas argue that the plan could undermine the unity and universal character of the World Cup. They fear it may not achieve necessary broad consensus.
How might this affect the future of the World Cup?
Fifa needs a straight majority from member associations (106 out of 211) to approve the proposal, but Uefa, Concacaf and now AFC opposing likely means it will face significant hurdles.