Uefa, UK leader hit back at Fifa, plan to sell World Cup ‘crosses line’
Fifa plans to sell a stake in the business operations of the World Cup and its other competitions through the creation of a semi-private subsidiary.
World football’s governing body said it would retain a majority share in Fifa Forward Enterprise (FFE) but hoped to raise US$4.2 billion later this year by “carefully selecting long-term investors who will purchase minority, non-controlling interests”.
Fifa’s statement on Tuesday was a rapid response to a story in British newspapers The Times and...