‘We’re committed to increasing finance for Africa’ — CAF urges review of FIFA proposal
The Confederation of African Football (CAF) has announced plans to review FIFA’s proposal to open the commercial operations of the FIFA World Cup and other major tournaments to private investment.
The development follows FIFA’s announcement earlier this week that it intends to establish the FIFA Forward Enterprise (FFE), a new commercial subsidiary that would oversee the business operations of its flagship competitions, including the FIFA World Cup.“CAF also encourages its Member Associations to examine the FIFA Forward Enterprise proposal and participate in the consultation process in accordance with CAF and FIFA’s regulations and established procedures,” the statement partly reads.
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