American, Asian confederations blindsided by FIFA’s World Cup plan

Core Impact Points

• FIFA plans to create a $20bn subsidiary to run the World Cup and other events, offering stakes of up to 20% to external investors.
• The move has drawn criticism from football's regional confederations, including CONCACAF and AFC, who claim they were blindsided by the plan.
• The confederations are concerned about the lack of due process and transparency in FIFA's decision-making process.
• The proposal has also raised concerns about the potential for conflicts of interest and the impact on the game's governance and financial future.
• UEFA has accused FIFA of putting the game's 'soul' up for sale and is considering a boycott of FIFA competitions.
• The European Union's Sport Commissioner has expressed concerns about the potential alignment of FIFA's regulatory powers with the financial interests of private entities.