CONCACAF rejects FIFA's private investment proposal for World Cup commercial rights

The Confederation of North, Central America and Caribbean Association Football (CONCACAF) has unanimously rejected FIFA's proposal to bring private investment into the commercial operations of the FIFA World Cup and the Club World Cup, joining growing opposition to the plan from global football stakeholders.

All 41 CONCACAF member associations voted against the proposal. However, unlike UEFA, the regional governing body stopped short of threatening a boycott of FIFA competitions.

In a statement, CONCACAF criticised the way the proposal was presented, alleging that it was introduced without following proper governance procedures and without providing member associations sufficient time for consultation.

The confederation also questioned the rationale behind seeking private investment at a time when FIFA has just delivered one of the most commercially successful World Cups in history.

According to CONCACAF, FIFA should first explore more effective use of its existing financial reserves before handing any commercial stake in its flagship tournaments to private investors.

The controversy stems from FIFA President Gianni Infantino's recent announcement that the governing body plans to establish a new commercial entity to manage the business operations of the World Cup and Club World Cup, allowing private investors to acquire a minority stake.

Infantino argued that the initiative could generate around $4.2 billion, with the proceeds earmarked for football development worldwide.

The proposal, however, has triggered widespread criticism across the football community.

Earlier, UEFA rejected the plan outright and warned it could boycott FIFA competitions if the governing body proceeds with the initiative. The proposal has also faced opposition from player representatives and other football stakeholders.

CONCACAF maintained that football's most valuable commercial assets should remain under the control of the global football community rather than private investors.

The confederation also urged FIFA to ensure that any future decisions of such significance are processed transparently through the FIFA Council and in accordance with the organisation's constitutional governance framework.

The US Soccer Federation has also expressed support for CONCACAF's position.