American, Asian confederations blindsided by FIFA’s World Cup plan

FIFA’s bombshell proposal to sell ⁠stakes in a $20bn commercial subsidiary has drawn strong criticism from football’s regional confederations, which said they were blindsided by the world governing body’s plan to bring private investors into the game.The Confederations of North, Central America and the Caribbean (CONCACAF) and Asia (AFC) delivered stinging rebukes on Wednesday, saying they ⁠learned of FIFA’s equity sale proposal through media reports rather than official channels.Recommended Stories list of 4 itemslist 1 of 4Indian Premier League’s business value skyrockets to $20bnlist 2 of 4Five wickets, no runs: West Indies cricketer makes bowling historylist 3 of 4World Cup: For India football, qualification is still just a distant dreamlist 4 of 4France legend Zinedine Zidane confirmed as new national team managerend of listFIFA said on Tuesday that it plans to create a $20bn subsidiary to run the World Cup and its other events, offering stakes of up to 20% in it to external investors.Under the plan, FIFA would establish its Forward Enterprise to oversee commercial and event operations. FIFA, which this ⁠year held a 48-team World Cup across the US, Canada and Mexico that was t...