Concacaf criticizes Fifa's World Cup stake sale plan

The Football Association has responded to recent news of FIFA's plan to 'attract investment' for the World Cup.Football's global governing body – which has annual revenues of several billion dollar...

The English Football Association has said it is “deeply concerned” by FIFA’s plan to sell stakes in its major competitions. FIFA announced on Tuesday proposals to set up a private company to run its competitions which would have links to the extended family of United States President Donald Trump.

Gianni Infantino stunned the football world when plans emerged to sell off parts of the World Cup to private investors, led by the brother of Donald Trump’s son-in-law

The governing body for North America is ‘deeply concerned’ by Fifa’s plan to sell lucrative stakes in its tournaments

Association was unaware of Infantino’s plans ‘We are deeply concerned by the lack of due process’ Concacaf has joined Uefa in criticising Fifa’s plan to sell off stakes in the World Cup to private investors. In a strongly worded statement the Confederation of North, Central America and Caribbean Association Football expressed deep concerns about Fifa’s governance and a lack of due process, revealing that they were unaware of the proposal to sell stakes in a new commercial entity that has been valued at $20bn (£15bn) until reading about it in the media. Continue reading...