European soccer governing body UEFA said Thursday it will boycott FIFA competitions including the World Cup if the global organization goes through with its proposal to sell a stake to private investors. On Tuesday, FIFA announced a plan to sell a 20% stake in a new entity it calls FIFA Forward Enterprise that would take over all commercial and event operations. The move championed by FIFA President Gianni Infantino has drawn backlash across the sport. In a statement, UEFA said its member nations would boycott FIFA competitions unless the organization canceled the plan for good. UEFA said "football's future cannot be dictated" by stakeholders seeking financial gain.