The Confederation of North, Central America and Caribbean Association Football (Concacaf) has rejected FIFA’s proposal to sell stakes in the FIFA World Cup to private investors, becoming the latest football governing body to oppose the plan.

The decision followed a meeting on Thursday involving representatives of all 41 Concacaf member associations, where delegates deliberated on the proposal and its potential implications for the global game.

According to reports, the discussions reflected growing concerns among member associations over FIFA’s leadership under President Gianni Infantino.

A source familiar with the meeting said many delegates expressed declining confidence in Infantino’s leadership, while another source acknowledged widespread concerns over FIFA’s governance, transparency and decision-making processes.

Following the meeting, Concacaf confirmed in a statement that its members unanimously rejected the proposal.

The development comes after UEFA announced that its 55 member associations would boycott FIFA competitions, including the World Cup, if the governing body’s commercial plans move forward.

Explaining its decision, Concacaf said members were concerned about the lack of due process surrounding the proposal, the short timeline given for consideration and the absence of review or approval by FIFA’s relevant governance bodies.

The confederation also questioned the need for private equity investment to support FIFA Forward programmes after what it described as the most profitable FIFA World Cup in history.

“The discussion reinforced the need for greater transparency and proper governance. For these reasons, Concacaf and its 41 Member Associations have rejected the proposal,” the statement said.

FIFA has maintained that the proposal is aimed at creating a FIFA-owned commercial subsidiary capable of attracting long-term investment and commercial expertise while ensuring that the governing body retains ownership and control of the FIFA World Cup and its governance.