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Concacaf slams FIFA for lack of transparency over commercial plan
๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark /Economy & Trade

Concacaf slams FIFA for lack of transparency over commercial plan

From Berlingske · () Danish

Translated from Danish, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Concacaf expressed deep concern over FIFA's lack of transparency regarding its plan to create a commercial company to sell stakes in tournaments.
  • FIFA aims to raise $3.8 billion by selling parts of a commercial entity to increase revenue from its events, with profits to be reinvested in football.
  • The North, Central American and Caribbean Football Confederation joins UEFA in criticizing FIFA's plan, emphasizing the need for robust governance and long-term positive effects.

Concacaf has voiced strong opposition to FIFA's proposed plan to establish a commercial company that would sell stakes in the organization's tournaments, including the World Cup. The confederation cited a significant lack of transparency and communication from FIFA as its primary concern.

Concacaf is only being made aware of this matter through the media and a subsequent press release. We are deeply concerned about the lack of transparency.

โ€” ConcacafExpressing disappointment with how FIFA communicated its commercialization plan.

FIFA announced its intention to create and partially sell off a commercial entity to boost revenue from its events. The global football governing body aims to raise approximately $3.8 billion, with the stated goal of reinvesting the profits back into football development. This plan, however, requires the backing of a majority of FIFA's member nations.

Concacaf's statement follows a similar expression of discontent from UEFA, the European football governing body. The confederation highlighted that it was only made aware of the plan through media reports and a subsequent press release. Concacaf stated its disappointment with the limited details shared publicly before any discussions with relevant confederations and parties took place.

We share the disappointment of many in our region who are let down by the level of detail that has been shared publicly before any discussion has taken place with the relevant confederations and parties.

โ€” ConcacafHighlighting the lack of prior consultation on FIFA's commercialization plan.

"As leaders within the game, we are the custodians of the sport," Concacaf declared. "Collectively, FIFA, the confederations, and the member associations have the responsibility to always act in the best interest of the sport. Any decision we make must have a long-term positive effect and must be done through robust processes that meet good governance standards."

As leaders within the game, we are the custodians of the sport. Collectively, FIFA, the confederations, and the member associations have the responsibility to always act in the best interest of the sport. Any decision we make must have a long-term positive effect and must be done through robust processes that meet good governance standards.

โ€” ConcacafStating the responsibilities of football governing bodies.

Concacaf emphasized its own operational standards and expressed confidence that all members of the FIFA family would adhere to similar principles. The confederation, which includes World Cup hosts Canada, the United States, and Mexico among its 41 members, stressed the importance of acting in the sport's best interest through well-established governance practices.

It is the way we operate in Concacaf. We trust that everyone in the FIFA family operates in the same way.

โ€” ConcacafContrasting Concacaf's operational standards with FIFA's perceived lack of transparency.
DistantNews Editorial

Originally published by Berlingske in Danish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.