UPDATED with the latest: The Confederation of North, Central America and Caribbean Association Football (Concacaf), one of FIFA’s six continental confederations that represents North America, Central America and the Caribbean, today flatly rejected a controversial plan to sell a 20% stake in the tournament to private investors.
Concacaf’s 41 member associations issued a statement expressing “deep concerns about the lack of due process surrounding the proposal, the artificially short deadline imposed, and the absence of any review or approval by the relevant FIFA governance bodies.” Further, the statement questioned “the need for private equity investment to fund new and existing
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