Reaction to FIFA's private investment plan

July 29 : FIFA said on Tuesday that it plans to create a $20 billion subsidiary to run the World Cup and its other events and will offer stakes of up to 20 per cent in it to external investors.

The following are quotes and reactions on Wednesday.

UEFA STATEMENT

“This crosses a line that football’s governing institutions should never cross. UEFA takes it extremely seriously. So should every National Football Association.

"So should every stakeholder: leagues, clubs, players, supporters, governments and everyone who cares about the future of the game. The soul and governance of football are not assets to trade - especially with zero transparency as to who gains financially. None of us are the owners of football. It is not FIFA’s to sell."

CONCACAF FEDERATION STATEMENT

"We share the disappointment of many within our region and the game that this level of detail has been designed and shared publicly before any discussion with the relevant governance bodies and stakeholders has taken place.

"As leaders within football, we are the custodians of the game. Collectively, FIFA, the Confederations and every Member Association have a responsibility to always act in the best interests of the sport. Every decision we make must be guided by good governance, robust processes and long-term stewardship."

ASIAN FOOTBALL CONFEDERATION STATEMENT

"The AFC firmly believes that all stakeholders should be provided with sufficient information and adequate time to assess the proposal in full, including its governance, legal, commercial and strategic implications.

"Such a process is essential to ensuring that any decision reflects the collective interests of the global football community and reinforces confidence in FIFA's governance framework."

FRENCH