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Kaf reviews FIFA investment plan ahead of key committee meeting
The Confederation of African Football (CAF) is preparing to hold a meeting next week to discuss the "FIFA Forward Enterprise" initiative, which was proposed by the International Federation of Football (FIFA) with the aim of developing football's financial resources worldwide. The initiative involves establishing an independent commercial company valued at up to $20 billion, with the possibility of external investors holding non-controlling stakes, as well as capital funding of up to $20 million for each of the 211 member associations through the "FIFA Fast-Forward" program. However, the initiative faces resistance from some continental associations, such as those from Europe, Asia, and North America, and CAF is carefully studying the proposal before reaching a final stance.
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