Africa: 'We're Committed to Increasing Finance for Africa' - CAF Urges Review of FIFA Proposal
The Confederation of African Football (CAF) is reviewing FIFA's proposal to open World Cup commercial operations to private investment. CAF plans to consult with its member associations to determine a unified position on the $4.2 billion minority stake sale.
Why it matters
CAF's stance is a critical factor in the global football community's response to FIFA's controversial commercialization plans.
The Confederation of African Football (CAF) has announced plans to review FIFA's proposal to open the commercial operations of the FIFA World Cup and other major tournaments to private investment.
In a statement issued on Wednesday, CAF said its president, Patrice Motsepe, will meet with the Confederation's Executive Committee next week to examine the proposal and determine Africa's position.
The African football body said its member associations would also have the opportunity to participate in the consultation process in line with FIFA and CAF regulations.
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"CAF also encourages its Member Associations to examine the FIFA Forward Enterprise proposal and participate in the consultation process in accordance with CAF and FIFA's regulations and established procedures," the statement partly reads.
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