Concacaf rejects FIFA's private investment plan, joins UEFA in opposing World Cup stake sale

The Confederation of North, Central America and Caribbean Association Football (Concacaf) has unanimously rejected FIFA's proposal to sell minority ownership stakes in the FIFA World Cup and other major competitions to private investors, becoming the latest continental confederation to oppose the plan.

Concacaf has joined UEFA in rejecting FIFA's proposal to sell stakes in the World Cup, raising fresh concerns over governance, transparency and private investment in football.

Concacaf's decision comes just hours after UEFA announced that its 55 member associations would boycott FIFA competitions if the governing body proceeds with plans to open ownership of the World Cup and other tournaments to private investors.