The Confederation of African Football has called on its members to review FIFA’s controversial plan to sell off stakes in its major competitions, including the World Cup.
“The CAF President, Dr Patrice Motsepe, will host a meeting of the CAF executive committee next week to… assess and evaluate the proposed FIFA Forward Enterprise initiative,” CAF said in a statement late on Wednesday.
Football’s world governing body on Tuesday announced plans to create a commercial subsidiary to run its biggest events, such as the World Cup and Club World Cup.
Under the proposal, private investors would be allowed to acquire stakes in the company but would remain minority shareholders, FIFA said. The governing body hopes to raise up to $4.2 billion based on a valuation of $20 billion for FFE.
If approved, the project could provide each of FIFA’s 211 member associations with a one-off payment of $20 million in early
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