Uefa's 55 member associations will convene an emergency meeting to discuss Fifa's controversial proposal to sell stakes in its major competitions. The governing body plans to create a new commercial subsidiary for its flagship events, allowing external investors to purchase shares. Football's world governing body says this will enable more money to be distributed to football associations around the globe.

Uefa reacted to the plans before they were formally released, condemning them as having crossed a line. The virtual meeting will allow a plan of action. The Football Association noted it was not consulted before Fifa released its proposals, and a boycott could be raised.

Uefa represents a quarter of Fifa's 211‑country membership, yet it oversees most of the world's top teams. Six of the eight quarter‑finalists at this summer's World Cup were European, including the winners, Spain. Fifa claims the investment aims to extend global development funding to $10bn and give each association up to $20m in one‑off capital.

The proposal could lead to more frequent tournaments and an expanded calendar, echoing the controversy of the 2021 European Super League. A senior source said the threat is on par with that event. Aleksander Ceferin has said it will not back down in the same manner.