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Economy

Concacaf joins criticism of Fifa plan to sell off World Cup stakes to private investors

· The Guardian

Concacaf joins criticism of Fifa plan to sell off World Cup stakes to private investors
  • Association was unaware of Infantino’s plans

  • Members given 19 September deadline to opt in

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.

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