# CONMEBOL opposition as FIFA drops commercial plan > Live situation record from CLSTR: https://clstr.news/situations/conmebol-opposition-to-fifa-commercial-plan > Updated: 2026-08-06T12:12:19.000Z. Sources: 14. Developments: 2. In late July 2026 CONMEBOL opened a consultation with its ten member associations on FIFA’s proposal to create a new commercial subsidiary, FIFA Forward Enterprise, which would sell a 20 % stake valued at about $20 billion. The South American confederation, led by President Alejandro Domínguez, asked for details on the project’s scope, governance and impact before deciding how to vote. A week later its council in Luque, Paraguay, voted to reject the proposal, condemning what it described as repeated unilateral actions by FIFA and calling for dialogue and adherence to established mechanisms. On 6 August 2026 FIFA announced the creation of the commercial vehicle, but after strong opposition from UEFA, CONMEBOL, CAF, CONCACAF and other confederations, the federation withdrew the FIFA Forward Enterprise plan. CONMEBOL issued a statement praising the respect for institutional governance, reiterated its criticism of unilateral moves, and scheduled a council meeting to set a collective stance ahead of the 18 November 2026 FIFA presidential election deadline. The episode traces the confederation’s shift from cautious consultation to outright rejection and, ultimately, to a vindication of its governance concerns as the plan was abandoned. ## Timeline ### 2026-08-06: FIFA scraps private‑investment plan, confederations back governance FIFA drops the private‑investment FIFA Forward Enterprise plan after backlash; CONMEBOL, CAF, Venezuela and other confederations praise the move and call for respect of governance ahead of the 2026 election. 11 sources. https://clstr.news/cluster/conmebol-rejects-fifa-world-cup-rights-proposal-demands-respect ### 2026-07-31: CONMEBOL says football first, consults members on FIFA's commercial plan CONMEBOL begins member consultations on FIFA's proposed commercial subsidiary, emphasizing football as the top priority while seeking more details on the plan. 4 sources. https://clstr.news/cluster/conmebol-says-football-first-consults-members-on-fifas-commercial-plan --- Cite as: CONMEBOL opposition as FIFA drops commercial plan. CLSTR, https://clstr.news/situations/conmebol-opposition-to-fifa-commercial-plan