Asian soccer body joins opposition to FIFA and Infantino's World Cup private equity plan
Summary
Asia's soccer body opposes FIFA President Infantino's plan for private investors to buy stakes in the World Cup, joining UEFA and CONCACAF in calling for urgent FIFA governance review.
Key Points
- The Asian Football Confederation opposes FIFA President Gianni Infantino's private equity plan to sell stakes in the World Cup.
- AFC supports UEFA and CONCACAF in opposing the $20 million one-time payment to member federations linked to the plan.
- FIFA plans to spin off commercial businesses into a $20 billion subsidiary with 20% owned by private investors, led by a firm tied to Joshua Kushner.
- The AFC criticizes FIFA for poor consultation and governance and calls for an urgent review of FIFA's decision-making processes.
