The idea of a breakaway European 'Super League' has been emphatically rejected by FIFA and the game's six continental confederations, with the threat of a ban from the World Cup for any players that take part.
American banking giant JP Morgan is said to be prepared to finance the competition with Europes high ranks ready to participate.
"Any club or player involved in such a competition would as a consequence not be allowed to participate in any competition organised by FIFA or their respective confederation."
The statement added: "The universal principles of sporting merit, solidarity, promotion and relegation, and subsidiarity are the foundation of the football pyramid that ensures football's global success and are, as such, enshrined in the FIFA and confederation statutes.
"Football has a long and successful history thanks to these principles. Participation in global and continental competitions should always be won on the pitch."
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