FIFA Faces Backlash Over $20 Billion Commercial Subsidiary Plan

FIFA plans to create a $20 billion subsidiary to manage World Cup operations, offering up to 20 percent equity to private investors to raise $4.2 billion in capital.

Regional confederations including CONCACAF and the AFC, representing 143 member associations, criticized the move for a lack of transparency and consultation before the public announcement.

UEFA is reportedly organizing an emergency meeting to discuss a potential boycott of FIFA competitions, with EU Sport Commissioner Glenn Micallef raising concerns over conflicts of interest and governance.