Yahoo Sports· 1h ago· 1 min read
Concacaf has rejected a controversial FIFA proposal to bring in private investment, dealing another major blow to the deal following UEFA's boycott announcement earlier in the day.
The governing body of North American, Central American and Caribbean soccer convened a meeting of the presidents of its 41 member associations on Thursday, July 30.
After the meeting, Concacaf released a statement that confirmed it would not support the proposal, citing the rushed process behind its release earlier this week.
"During the meeting, the membership expressed deep concerns about the lack of due process surrounding the proposal, the artificially short deadline imposed, and the absence of any review or approval by the relevant FIFA governance bodies," Concacaf said.
"In addition, the need for private equity investment to fund new and existing FIFA Forward programs following the most profitable…
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