NewzThe Confederation of African Football (CAF) has announced a formal review of a recent proposal by FIFA to open the commercial operations of the World Cup and other major tournaments to private investment. CAF president Patrice Motsepe is scheduled to convene an executive committee meeting next week to assess the initiative and its potential impact on the organization’s members.
The proposal, which has been described as controversial, involves selling stakes in FIFA’s major commercial assets to private investors. In a statement issued on Wednesday, CAF emphasized its commitment to increasing finance for the African continent, signaling that the upcoming review will focus on how this new financial model aligns with the interests and development goals of its member nations.
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