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The members of the Union of European Football Associations (UEFA) unanimously agreed to boycott all competitions organized by the International Federation of Association Football (FIFA), including the World Cup, in protest against FIFA's plan to establish a subsidiary company worth $20 billion to manage tournaments and to involve external investors with stakes of up to 20%. UEFA emphasized that the World Cup is not an investment product and that its sporting legacy should not be sacrificed to investors. They stressed that the European Union would not participate in any FIFA competitions unless this proposal is completely abandoned and future tournaments are protected from private ownership. This move comes in response to FIFA's announcement of its new project to manage its major tournaments, with Italy, Africa, and Asia stepping back from the opposition camp, while other federations expressed concern over the lack of consultation before unveiling the plan.
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