FIFA defends private investment plan as UEFA threatens World Cup boycott
AI summaryFIFA has reiterated its commitment to an 'open and democratic' consultation on a plan to sell minority stakes in a $20bn commercial subsidiary, despite fierce opposition from regional confederations. UEFA has threatened to boycott FIFA competitions, while CONCACAF and AFC have criticized the lack of consultation. FIFA says the plan could raise up to $4.2bn and benefit all 211 member associations.