Uefa says it has lost confidence in Gianni Infantino's Fifa leadership as the fallout from the scrapped controversial investment plan intensifies.

On Saturday, Infantino said Fifa would no longer proceed with the proposal to sell stakes in the governing body's competitions to private investors.

Uefa - which governs European football - had earlier voted to boycott World Cups if the plans went ahead, and other governing bodies also voiced their opposition.

On Saturday, Uefa said it welcomed the decision to withdraw the plan, describing it as "a victory for the whole game".

It also accused Infantino of failing to deliver on promises, quoting a speech he gave when campaigning to become Fifa president in 2016.

The fallout from the plans means Infantino is now under immense pressure as he seeks re-election for a fourth term as president at the Fifa Congress in March.

"The current Fifa leadership has not only lost Uefa's confidence but also that of many other members of the football family," Uefa's statement read.

"When Gianni Infantino asked for the trust and the votes of Fifa's member associations to elect him as their president in 2016, he said: 'Of course we have to be transparent.'

"He told the assembled stakeholders: 'The money of Fifa is your money. It's not the money of the Fifa president. You are the national associations and the money of Fifa has to serve for the development of football and not for anything else.'

"On both these promises, he has failed to deliver. The shabby, back room, opaque deal he hatched and tried to force through were anything but transparent."

Fifa and Infantino wanted to create a commercial subsidiary to run its main events, including its World Cups, and external investors would have been able to buy stakes in it.

It said it would "invite third parties to make minority, non-controlling investments" in a new subsidiary - Fifa Forward Enterprise (FFE).

In a 25-page document created by investment bank JP Morgan, it was made clear Fifa's tournaments would expand to hit an estimated increased pay-out of 24m euros (£20.5m)per member association in the 2035-2039 cycle.

In the document, the World Cup was described as the "most widely viewed" sporting event but Fifa, by contrast, was said to be "under-monetised".

There was no mention of the women's game.

Fifa said Thrive Eternal was expected to lead the proposed investor group for FFE, had it been approved.

Thrive is an American venture capital firm founded by Joshua Kushner - the brother of US President Donald Trump's son-in-law Jared.

A report in the New York Post, which broke the story of the Fifa plan withdrawal, quoted an unnamed source saying the situation had become a "brand nightmare" for Kushner.