FIFA mulls stake sale through new $20 billion entity, UEFA not happy

FIFA plans to create a new commercial subsidiary valued at $20 billion, world soccer’s governing body said on Tuesday, as it seeks backing from its 211 member associations for the proposal in a move already criticised by UEFA.The ambitious plan would see FIFA establish FIFA Forward Enterprise (FFE), a wholly-owned subsidiary consolidating the organisation’s commercial and event operations.For all the latest headlines follow our Google News channel online or via the app.FIFA said it would retain…