Kaf reviews new FIFA project
The Confederation of African Football (CAF) announced that it will hold a meeting next week to discuss and evaluate FIFA's project regarding the involvement of private investments in FIFA's structure. The project involves establishing a commercial company called "FIFA Forward Enterprise," valued at approximately $20 billion, to manage football-related commercial rights, with 20% of its shares offered to private investors while FIFA retains control and majority ownership. This initiative aims to generate additional financial resources for national associations, but it has faced widespread criticism and skepticism concerning transparency and the potential impact on the future of global football. As such, the CAF meeting will be an important platform to establish a definitive stance on the proposal.
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