The meeting is said to have been held at the luxury Waldorf Astoria hotel in Manhattan on July 18 - the day before the World Cup final was played at MetLife Stadium in New Jersey.
FIFA President Gianni Infantino is not said to have attended the meeting himself.
Three out of five said yes
The quintet was given until midnight to decide on the business plan to create a subsidiary where shares of World Cup tournaments would be sold to private investors, three sources told the newspaper.
Swedish Secretary General Mattias Grafström, FIFA's top official Emilio Garcia, legal director, and Dan O'Toole, chief of staff, have reportedly approved the plan. However, CFO Thomas Peyer and COO Kevin Lamour said no, according to the sources.
FIFA has not wanted to comment on the newspaper's information.
"This is a one-man project. FIFA staff have been misled by Infantino's lack of transparency about the plans for the scheme," Lamour told the AP last week.
Previously, The Athletic reported that Grafström was to be kept out completely and sources told The New York Times that only Dan O'Toole had knowledge of the plan, which he has been working on for several months.
Apologized
In an internal message to FIFA employees, which was shared by several media outlets, Mattias Grafström called the developments surrounding the proposal a "sad and reprehensible development."
After an emergency meeting in Rabat, Morocco, earlier this week, Grafström and Infantino admitted in both a joint statement and a letter to the 211 member associations that mistakes were made and apologized for this.
