UEFA has welcomed the withdrawal of plans by FIFA President Gianni Infantino to sell a stake in competitions organised by the world football governing body, including the World Cup, to private entities.

The European football governing body, in a statement on Saturday following its unanimous rejection of the proposal, alongside its member national associations, as well as other federations and confederations, stated that it has lost confidence in the leadership of Mr Infantino.

It stated, “UEFA welcomes FIFA’s decision to withdraw its plan to sell a stake in its competitions – including the World Cup – into private hands. The proposal was unanimously rejected by UEFA’s national associations and by many other federations and confederations of all sizes around the world, whose job it is to protect football.

“UEFA thanks all the fans, leagues, clubs, players, individuals, associations and confederations that opposed the scheme, alongside the many Prime Ministers, Heads of State and commentators who have demonstrated to the FIFA President that football is not for sale.”

UEFA, however, stated that many members of the football family have lost confidence in the FIFA leadership, led by Mr Infantino, and insisted that all those involved in the planned sale must be identified and held to account.

“We cannot keep going on like this with secret schemes on fast track timescales, cooked up by faceless individuals and of dubious benefit to the game. We must identify those responsible and hold them to account.

“It is right that, in the coming days and weeks, UEFA will work with its associations and in close cooperation with other confederations to reflect on how this happened and devise a plan to make sure that it cannot occur again. That review should be thorough and fundamental. No option should be off the table. The current FIFA leadership has not only lost UEFA’s confidence but also that of many other members of the football family.

“When Gianni Infantino asked for the trust and the votes of FIFA’s Member Associations to elect him as their President in 2016, he said, “Of course we have to be transparent. I have been this in the last 15 years of my life in UEFA. You will have to play a part every day in the life of FIFA,” before telling the assembled stakeholders, “The money of FIFA is your money. It’s not the money of the FIFA President. It’s your money. You are the national associations and the money of FIFA has to serve for the development of football and not for anything else.”

Noting that Mr Infantino failed to deliver on his promises, UEFA stated that the shabby, back-room, opaque deal he hatched and tried to force through was anything but transparent, adding, “And with reserves standing at over $5bn, he has also failed to use associations’ money for the benefit of the game.”

The European football body has, therefore, resolved to work with partners and stakeholders across the world and right across the game to propose a new way of distributing resources through the existing FIFA Forward programme.

It added, “We must start to use some of that money that is sat idle in FIFA’s bank account to deliver the kick start that the grassroots and the wider game need in each of the 211 countries of FIFA. But we don’t need to sell off the family silver to pay for it.

“This is a victory for the whole game. But it must not be the end of the story. The proposal has gone. The task of rebuilding trust in FIFA has only just begun.”