Fifa’s plan to spin out a new $20bn commercial entity and sell a stake to investors is at risk of unravelling after European countries said they would boycott the next World Cup and their counterparts in North America, Central America and the Caribbean publicly rejected the proposals.
Uefa, which governs the game in Europe, said on Thursday that its 55 members had unanimously agreed not to take part in any Fifa competition in response to the planned stake sale, which was announced on Tuesday.
“The World Cup cannot be treated as an investment product,” Uefa said in a statement. “No part of it should ever be surrendered to private investors.”
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