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UEFA and Concacaf reject FIFA plan to sell World Cup commercial stake
The proposal would have involved selling a 20% interest in the World Cup's commercial operations, prompting the governing bodies to push back on private equity involvement in sports.
CNBC Markets reports that UEFA and Concacaf have rejected FIFA's plan to sell a 20% stake in the World Cup's commercial operations.
The decision underlines uneasiness among those regional bodies about private equity investment in sports, according to CNBC World.
The rejection keeps FIFA from moving ahead with the partial sale and signals tighter scrutiny of how the tournament's commercial assets are financed.
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