Motsepe Leads FIFA Project Review
The Confederation of African Football (CAF) is working on studying a project called FIFA Forward Enterprise, which aims to establish an international commercial company owned by FIFA. This company would allow private sector investors to participate with minority stakes, raising up to $4.2 million and valuing the company at around $20 million. The project includes managing FIFA's commercial activities such as broadcasting, sponsorship, and ticket sales. Additionally, CAF would receive an exceptional grant of $20 million starting in 2027, with increased allocations through 2030. The project has faced criticism from some European federations, particularly UEFA, which consider it to be turning the sport into a commercial commodity. Nevertheless, CAF reaffirmed its commitment to continued consultation to support the development and growth of football in Africa and worldwide.
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