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'Nobody Is Selling Football': FIFA Defends Private Investment Plan Amid Backlash
European Football Associations: FIFA defended its proposal to allow private investors to acquire ownership interests in the World Cup and other competitions, saying "nobody is selling football" and claimed the consultation process had been "disrupted by incorrect media reports".
The Union of European Football Associations (UEFA), which represents 55 member associations and organizes the continent's leading club competitions, has announced that its 55 members will not participate in FIFA competitions till the proposal to allow private investors to acquire ownership interests in the World Cup and other competitions remains in place.
Moreover, Concacaf also convened a meeting of the presidents of its 41 Member Associations, together with its President, Council members, and its FIFA Council members, and rejected proposal.
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