Fifa is facing intense backlash from the football community over its plans to sell stakes in its competitions to private investors.
The proposal, led by Fifa president Gianni Infantino, aims to create a commercial subsidiary to run its main events, including the World Cup. However, the plan has been met with fierce opposition from Uefa and Concacaf, who have accused Fifa of trying to 'sell out' the sport.
'The World Cup cannot be treated as an investment product,' Uefa said in a statement. 'It is one of football's greatest sporting legacies, built over generations by players, national teams, and supporters across every continent.'
Fifa has vowed to proceed with the consultation process, despite the mounting opposition. The organization claims that 'nobody is selling football' and that the plan is intended to 'ensure all Fifa member associations have the opportunity to take meaningful ownership of the commercial opportunity of football in their respective countries.'
However, critics argue that the plan would lead to the commercialization of the sport and undermine its integrity. 'Football has to be for the people, not in private hands,' said Chelsea manager Xabi Alonso.
The situation is set to come to a head on September 19, when Fifa member associations must decide whether to back the proposal. If approved, the plan could have far-reaching consequences for the sport, including the potential for private investors to exert significant influence over the World Cup and other competitions.