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UEFA's member associations have unanimously voted to boycott the World Cup and other FIFA competitions in protest at FIFA's plan to sell stakes to external investors in a subsidiary that will run the global governing body's tournaments, European soccer's governing body said following a virtual meeting on Thursday.

World soccer's ruling body said on Tuesday it plans to create a $20 billion subsidiary to run the World Cup and its other events and will offer stakes of up to 20% in it to external investors.

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The Jerusalem Post framed UEFA's decision as a protest against FIFA's plan, emphasizing the unanimity of the vote. TASS — English reported the decision as a response to FIFA's commercial rights plan, adding statements from the Council of Europe Secretary-General and noting CONCACAF's rejection of FIFA President Gianni Infantino's proposal.

Key claims

UEFA said in a statement: "No UEFA national teams will participate in any FIFA competition for so long as these proposals remain alive, unless this proposal has been abandoned in its entirety and binding assurances have been given that FIFA will never again open its governance or competitions to private ownership."

The statement added: "The World Cup cannot be treated as an investment product. It is one of football’s greatest sporting legacies. It has been built over generations by players, national teams and supporters across every continent. No part of it should ever be surrendered to private investors. The World Cup is not for sale."

A spokesperson for the English FA backed the decision, saying the organization "stands shoulder to shoulder with our European colleagues."

The Asian Football Confederation (AFC) and CONCACAF also strongly criticized FIFA earlier, saying they were not consulted in the process.

Council of Europe Secretary-General Alain Berset said the decision is not about football but about rules. "It is a football story. It is a story about rules. Who writes them. Whether they are applied. And who may change them," Berset told Politico.

FIFA President Gianni Infantino announced a proposal on July 30 to sell a share of the FIFA World Cup commercial rights to private investors under a scheme that could potentially bring it tens of millions of dollars. The plan involves the establishment of a company that will control the major men's and women's FIFA tournaments - the FIFA World Cup and the FIFA Club World Cup. The organization consulted with people close to the administration of US President Donald Trump prior to voicing this decision.

The Women's World Cup is set to be held in Brazil next year. FIFA is set to stage its inaugural Under-15 World Cup in Azerbaijan in October.