On Thursday, Europe's UEFA voted unanimously to boycott all FIFA tournaments, while CONCACAF, the regional federation for North America, Central America and the Caribbean, rejected FIFA's proposal.

The backlash has spread beyond Europe.

Under the plan, FIFA would establish FIFA Forward Enterprise to oversee commercial and event operations.

Just days after the biggest FIFA World Cup in history came to a close, FIFA unveiled a proposal that threatens to alter football's future fundamentally.

UEFA and its 55 member nations voted on Thursday to boycott all FIFA tournaments in protest at the global governing body's plan to sell a stake in the World Cup to external investors.

UEFA's member associations have unanimously voted to boycott the World Cup and other FIFA competitions in protest at FIFA's plan to sell stakes to external investors in a subsidiary that will run the global governing body's tournaments.

FIFA's controversial proposals to sell stakes in its major competitions could win support from smaller nations attracted by a major funding boost, according to a football finance expert.

FIFA president Gianni Infantino said Wednesday that the proposed launch of a private subsidiary to exploit the commercial benefits of the World Cup was "an opportunity but not an obligation".

While FIFA is the sport's global governing body, much of football's commercial strength lies elsewhere -- particularly in Europe, where UEFA controls many of the game's most valuable competitions. Here's how the sport is organised.

Disciplinary proceedings were also opened against several players after the final in New Jersey where Spain beat Argentina 1-0 after extra-time.

Bangladesh Football Federation (BFF) president Tabith Awal on Wednesday confirmed that FIFA has formally communicated a proposal under which member associations could receive up to $40 million if they back a plan to sell stakes in the governing body's major competitions, including the FIFA World Cup.

Critics fear it could erode transparency, weaken governance and place commercial interests ahead of the game's long-term integrity.

FIFA has told member associations they will each receive $40 million if they back a plan to sell stakes in major competitions -- but they must sign up by September 19.

World football's governing body said Tuesday it would retain a majority share in FIFA Forward Enterprise (FFE) but hoped to raise $4.2 billion later this year by "carefully selecting long-term investors who will purchase minority, non-controlling interests".

According to FIFA, a player should not face disciplinary consequences because of an opponent's simulation.

FIFA said Tuesday it plans to sell a stake in the business operations of the World Cup and its other competitions through the creation of a semi-private subsidiary.

The president of the Spanish football league, Javier Tebas, accused FIFA of acting "irresponsibly" following the announcement of discussions regarding a possible 64-team World Cup in 2030, in an interview with an Italian sports daily published Tuesday.

CONMEBOL president Alejandro Dominguez has reiterated his support for expanding the 2030 FIFA World Cup to 64 teams, saying on social media that the centenary edition should feature a larger field.

Aleksander Ceferin, the head of UEFA, boycotted the World Cup final to show unhappiness with FIFA, British media reported Monday.

World soccer's governing body FIFA has appointed a disciplinary and ethics prosecutor to investigate the post-match brawl that erupted after Spain's 1-0 extra-time victory over Argentina in a chaotic World Cup final.