The Asian Football Confederation (AFC) has formally aligned itself with UEFA and CONCACAF in rejecting FIFA's proposal to sell minority stakes in its competitions to private investors.

The move represents a significant setback for the global governing body's efforts to secure external capital through the commercialization of its tournament rights.

The opposition from the AFC follows sharp criticism from UEFA, which previously condemned the initiative as a "money grab" that is likely to fail.

CONCACAF had also voiced its dissent, creating a unified front among three of the six continental confederations.

This coordinated resistance undermines FIFA's ability to proceed with the sale without broader consensus from its regional bodies.

The Confederation of African Football (CAF) has taken a different approach, agreeing to evaluate the proposal to sell a minority stake in a newly formed commercial entity.