Football's governing body Fifa plans to continue the consultation process after Uefa threatens to boycott World Cups.

Fifa says that "nobody is selling football" as it vowed to continue with the controversial plan to sell stakes in its competitions to private investors. Uefa - the body that governs European football - voted on Thursday to boycott World Cups if the plan proceeded. Concacaf, which governs football in North and Central America and hosted this year's World Cup, said its 41 member associations also "rejected" the proposal made by Fifa president Gianni Infantino. Fifa oversees world football and Infantino would need 106 of its 211 members to vote in favour for the proposal to go through. Uefa and Concacaf members combined make up 96 of those votes. In a statement released on Friday, Fifa claimed the consultation process had been "disrupted by incorrect media reports". "We respect the feedback and concern aired in public and reaffirm our commitment to an open and democratic consultation," the statement read. "We will proceed with this consultation process to ensure that each MA (member association) has the ability to express its vote based on facts. Fifa wants to create a commercial subsidiary to run its main events, including its World Cups, and external investors will be able to buy stakes in it.