The Confederation of African Football (CAF) has confirmed receipt of official correspondence from FIFA regarding a major commercial proposal put forward by FIFA President Gianni Infantino.
CAF President Dr Patrice Motsepe is set to chair an Executive Committee meeting next week to evaluate the proposal, dubbed the “FIFA Forward Enterprise” initiative. CAF has urged its member associations to study the document carefully and actively participate in upcoming discussions.
The initiative aims to boost global football revenues by selling a portion of FIFA’s event commercial rights to private equity investors. According to FIFA, the plan would inject over $10 billion into the sport, guaranteeing each member association $40 million over the next four years.
However, the proposal has drawn swift criticism across the football world after it emerged that FIFA failed to brief member associations before making the plan public.
–ChannelAfrica–
