FIFA on Friday responded to critics of its investment plan, stating "Nobody is selling football." File Photo by John Angelillo/UPI | License Photo
July 31 (UPI) -- FIFA on Friday said it would proceed with consultations on its proposed private-investment plan after soccer's governing body in Europe voted to boycott all FIFA competition if the proposal remained under consideration.
"Nobody is selling football," FIFA said in a statement. "This is not something FIFA would ever entertain."
The international soccer community was thrown into turmoil Wednesday when FIFA announced that it was considering creating a FIFA Forward Enterprise subsidiary to house its commercial and event operations, including the World Cup.
FIFA said it would invite third parties "to make minority, non-controlling investments in FFE."
