FIFA seeks feedback on World Cup stake sale after UEFA, Concacaf opposition

FIFA issued a clarification on July 31 regarding its plan to sell minority stakes in the World Cup through a subsidiary called FIFA Forward Enterprise. This proposal has faced strong opposition from UEFA and Concacaf, both of which criticized the lack of transparency and consultation prior to the announcement. UEFA has stated it will boycott all FIFA competitions until the proposal is revisited, while Concacaf expressed concerns about the rushed decision-making process. FIFA indicated it will now initiate a consultation process but has yet to extend the timeline for decision-making, with a deadline set for September 19. FIFA's goal is to raise $20 billion, increasing payouts to member associations.

• 5:05 AMYahoo Sports — FIFA issues 'clarification' statement after UEFA and Concacaf announce opposition to partial sale of World Cup