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CAF Sets Executive Meeting To Assess FIFA’s $4.2 Billion Commercial Proposal
['Ernest Victor', 'Author']
Naija News
“The CAF President, Dr Patrice Motsepe, will host a meeting of the CAF executive committee next week to… assess and evaluate the proposed FIFA Forward Enterprise initiative,” the confederation said.
World football’s governing body believes the venture could raise up to $4.2bn, based on a valuation of $20bn for FIFA Forward Enterprise.
If approved, each of FIFA’s 211 member associations would receive a one off payment of $20m in early 2027.
FIFA president Gianni Infantino defended the proposal, describing it as a major boost for the sport.
CAF said it would continue engaging its member associations before taking a position.