The Union of European Football Associations (UEFA) said it no longer has confidence in FIFA President Gianni Infantino’s leadership after the global football body abandoned a controversial plan to sell stakes in its competitions to private investors.

Infantino announced on Saturday that FIFA would not proceed with the proposal, which faced strong opposition from football authorities, including UEFA, which had threatened to boycott World Cup tournaments if the plan was implemented.

UEFA welcomed the cancellation, calling it “a victory for the entire game,” but criticized FIFA’s leadership, saying the proposal was developed behind closed doors and lacked transparency.

In a statement, UEFA said FIFA’s current leadership had “lost the confidence of UEFA and many other members of the football family,” calling for a review of FIFA’s decision-making process and accountability for those behind the project.

The proposal involved creating a commercial subsidiary that would allow outside investors to purchase minority stakes in FIFA competitions, including the World Cup, in an effort to increase revenues.

However, the plan sparked widespread criticism from several football confederations, including the Asian Football Confederation and Concacaf, over concerns about the future independence and management of the sport.

The English Football Association also backed UEFA’s position, calling for a comprehensive review of FIFA’s governance to ensure greater transparency in the administration of global football.

The controversy has increased pressure on Infantino, with critics arguing that the failed investment plan has damaged trust in FIFA’s leadership.