FIFA’s $20bn plan draws rebuke from football confederations

FIFA's proposal to create a $20bn subsidiary and sell stakes to private investors has sparked strong criticism from CONCACAF and AFC, which said they learned of the plan through media reports. The confederations expressed 'deep concern' and disappointment over the lack of consultation. UEFA has also accused FIFA of putting the game's 'soul' up for sale. FIFA plans to retain control but raise up to $4.2bn through minority stakes.