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FIFA | South America requests more information on private investment proposal
🇵🇦 Panama /Economy & Trade

FIFA | South America requests more information on private investment proposal

From TVN Panamá · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • CONMEBOL has requested additional information and clarifications from FIFA regarding its private investment proposal.
  • The South American football confederation stated that "football comes first" in its request for consultations.
  • CONMEBOL will convene a council meeting to evaluate the proposal, emphasizing prudence and good governance.

The South American Football Confederation (CONMEBOL) has formally requested further information and clarifications from FIFA concerning its controversial plan to open up to private investment. This marks the first official stance from the South American body on the initiative spearheaded by FIFA President Gianni Infantino, which has already faced rejection from UEFA, CONCACAF, and the Asian Football Confederation.

CONMEBOL requested additional information and clarifications from FIFA regarding various aspects relating to the scope, structure, governance, and potential effects of the project.

— CONMEBOLIn a statement detailing their request for more information on FIFA's private investment proposal.

In a statement, CONMEBOL indicated it sought details on "various aspects relating to the scope, structure, governance, and potential effects of the project." The confederation underscored its commitment to the principle that "football comes first," justifying its demand for thorough consultations. CONMEBOL, which was the first confederation to publicly back Infantino's 2027 re-election bid, has initiated a consultation process with its ten member associations.

football comes first

— CONMEBOLJustifying their demand for consultations on FIFA's private investment plan.

A meeting of CONMEBOL's Council has been convened to meticulously evaluate the proposal, which was unveiled on Tuesday. The organization stressed the "responsibility and rigor that the issue demands." While acknowledging the necessity of commercial and financial decisions for football's development, CONMEBOL cautioned that "such decisions must always be in service of football and never above its essence."

the responsibility and rigor that the issue demands.

— CONMEBOLDescribing the approach to evaluating FIFA's private investment proposal.

Based in Luque, Paraguay, CONMEBOL affirmed its intention to proceed with "prudence, responsibility, and a spirit of collaboration" before making a final determination. The confederation aims to contribute to strengthening world football exclusively through institutional channels and principles of good governance. CONMEBOL President Alejandro Domínguez has previously sought Infantino's support for expanding the 2030 World Cup to 64 teams, with matches scheduled across Spain, Morocco, Portugal, Argentina, Paraguay, and Uruguay.

Such decisions must always be in service of football and never above its essence.

— CONMEBOLWarning about the principles that should guide commercial and financial decisions in football.
DistantNews Editorial

Originally published by TVN Panamá in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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