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CONCACAF rejects Infantino's World Cup sales plan
The North, Central America, and Caribbean Football Union (CONCACAF) announced its unanimous rejection of the proposal to sell stakes in commercial operations related to the World Cup to private investors. The members expressed concerns about the lack of transparency and proper procedures, emphasizing that the future of football should remain in the hands of the football family. They called for the use of financial reserves to fund development programs rather than selling assets. This rejection comes after FIFA President defended a plan to raise $4.2 billion from private investments to develop the sport globally, and the European Union threatened to boycott if the proposal continued.
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