Geneva, July 31 -- FIFA on Friday responded to opposition from UEFA, CONCACAF and the Asian Football Confederation (AFC) over its proposal to establish a commercial subsidiary and sell minority stakes to private investors, saying consultations would continue and the plan would require approval from a majority of its 211 member associations.
World football's governing body said inaccurate media reports had disrupted the consultation process, but reaffirmed that discussions would proceed to allow member associations to make decisions "based on facts."FIFA recently proposed establishing FIFA Forward Enterprise (FFE) to manage the commercial activities and operational delivery of its major competitions, including the World Cup, with minority s...