European football’s governing body UEFA says it has lost confidence in the sport’s global governing body FIFA under its current leadership.

UEFA voted on Thursday to boycott FIFA if it did not withdraw its proposal to sell minority shares in World Cups and other events to private investors.

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FIFA President Gianni Infantino announced late on Friday that he would be scrapping the plan following widespread backlash.

UEFA added that FIFA’s leadership has also lost the confidence of many other members of the football family.

UEFA says it wants to work with partners and stakeholders to propose new ways of distributing resources through the existing FIFA Forward Programme.

More to follow.