UEFA stands by World Cup boycott despite FIFA's private equity retraction

European soccer confederation UEFA still plans to boycott all FIFA-related events despite FIFA president Gianni Infantino issuing an apology and retracting the plans for selling ownership shares in the World Cup.

UEFA's 55 member federations unanimously approved the FIFA boycott at an emergency meeting on July 30 after Infantino's plan, which would have FIFA raise up to $4.2 billion in private equity at a valuation of $20 billion under a new enterprise called the FIFA Forward Enterprise.

It's been reported that UEFA's response played a large role in this plan being shut down. However, even this news hasn't immediately convinced UEFA to buy back into FIFA under Infantino.

"UEFA's associations were very clear about the conditions attached to the non participation in FIFA competitions," UEFA said in a statement. "First, the proposals to sell off the major competitions had to be withdrawn and secondly, assurances have to be made that such attempts to disfigure the game in this way will never be made again.

"These conditions have not been met. In addition, UEFA made it abundantly clear in its statement on Saturday that it has lost confidence in Gianni Infantino's presidency. That position holds."

FIFA's top officials joined Infantino on Wednesday in Morocco for an emergency meeting. A FIFA statement after the meeting acknowledged "errors" in how news of the FFE plan was released and apologized to all 211 member federations for not being included in the "process."

However, FIFA also expressed full confidence in Infantino in its statement, making it clear that this summer's World Cup would have not been successful were it not for the association's president.

"FIFA's top management is fully confident that the outcomes of today's meeting will strengthen FIFA's governance, help restore confidence in the organisation and enable us to prepare for the major events and challenges ahead," the FIFA statement said.

As far as UEFA is concerned, this meeting and statement change nothing about its stance.

"Yesterday's announcement that some people employed by the FIFA president (and whose careers depend on his favor) agree with him changes nothing," UEFA said.

--Field Level Media