FIFA’s proposal to sell a minority stake in part of its commercial World Cup business has drawn strong criticism from several football organizations, including UEFA, the Asian Football Confederation (AFC), CONCACAF, and England’s Football Association (FA).

The governing body says it plans to retain majority ownership of the new commercial entity while raising approximately $4.2 billion from long-term investors. Critics, however, argue that the proposal lacks transparency and raises concerns about the future governance of the world’s most popular sport.

The plan has not yet been approved and must receive support from FIFA’s governing bodies before it can move forward.

What Is FIFA Proposing?

On Tuesday, FIFA announced plans to create outside investment in FIFA Forward Enterprise (FFE), a commercial entity linked to its World Cup business.

According to FIFA, the organization intends to:

• Retain majority ownership of FFE.
• Sell minority, non-controlling interests to carefully selected long-term investors.
• Raise approximately $4.2 billion through the transaction.

FIFA says the objective is to strengthen the commercial future of its competitions while maintaining overall control of the business.

What Is FIFA Forward Enterprise?

FIFA Forward Enterprise is intended to manage certain commercial rights associated with FIFA competitions, including aspects of the World Cup business.

The proposal does not involve selling ownership of the FIFA organization itself or transferring control of World Cup governance.

Instead, it concerns minority investment in commercial operations connected to FIFA’s tournaments.

Why Are Football Bodies Opposed?

Several major football organizations have expressed concern about both the proposal and the way it was introduced.

UEFA

UEFA issued one of the strongest responses, arguing that football’s governance should not become a commercial asset.

In its statement, UEFA said:

“The soul and governance of football are not assets to trade.”

The organization also criticized what it described as a lack of transparency surrounding the proposal.

UEFA Vice President Hans-Joachim Watzke reportedly said many within European football view the proposal as “an outright attack on football.”

Asian Football Confederation (AFC)

The AFC said it was disappointed that member confederations were not consulted before the proposal was announced.

CONCACAF

CONCACAF also raised concerns, saying it was “deeply concerned” about what it described as insufficient due process.

English Football Association

The English FA has also expressed reservations about the proposal, joining other governing bodies in calling for greater transparency.

What Is the Debate Over the $40 Million?

According to reports, FIFA President Gianni Infantino informed member associations that they could have access to up to $40 million during the next funding cycle beginning January 1, 2027, if the proposal is approved.

Infantino reportedly wrote:

“Each member association will have the possibility of access up to $40 million.”

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Some critics have questioned the timing of the proposed funding.

Media reports citing unnamed sources characterized the payments as an attempt to secure support for the proposal. Those descriptions represent the views of critics and have not been adopted by FIFA.

FIFA has presented the funding as part of its broader development and investment strategy.

What Happens Next?

The proposal has not yet taken effect.

Before implementation, it must receive approval from:

• The 38-member FIFA Council.
• A majority of FIFA’s 211 member associations.

FIFA has said it intends to present the proposal formally to the Council in the near future.

Why This Matters

The FIFA World Cup is one of the most valuable sporting events in the world, generating billions of dollars in commercial revenue through broadcasting, sponsorships, licensing, and marketing rights.

Any decision involving outside investment in those commercial operations could have long-term implications for:

• Football governance.
• Distribution of revenues.
• Commercial partnerships.
• Transparency and accountability.
• The relationship between FIFA and its member associations.

The proposal has also highlighted ongoing tensions between FIFA leadership and several continental football confederations, particularly UEFA.

The Bottom Line

FIFA’s proposal to sell minority stakes in FIFA Forward Enterprise has triggered significant opposition from several major football organizations, which argue that the process lacks transparency and could affect the governance of the sport. FIFA maintains that it will retain majority control while using outside investment to strengthen its commercial operations. The proposal remains under review and cannot proceed without approval from FIFA’s governing bodies and member associations.

TL;DR

• FIFA has proposed selling minority, non-controlling stakes in FIFA Forward Enterprise (FFE).
• The organization says it aims to raise about $4.2 billion while retaining majority ownership.
• UEFA, the AFC, CONCACAF, and the English FA have criticized the proposal and the consultation process.
• Reports say FIFA President Gianni Infantino informed member associations they could access up to $40 million under the proposal.
• The plan still requires approval from the FIFA Council and FIFA’s member associations.