Florentino Perez is named president of the World Football Association Real Madrid For Club World Cup planning

Eight clubs have had a meeting at FIFA this Friday to plan for the new Club World Cup and they've created the World Football Association to oversee planning.

The clubs present at the first meeting were Real Madrid from Spain, AC Milan from Italy, Boca Juniors and River Plate from Argentina, Club America from Mexico, Auckland from New Zealand, Guangzhou Evergrande from China and Mazembe from Democratic Republic of the Congo.

It was agreed at the meeting that Florentino Perez will be the president of this group.