Uefa has accused Fifa of “selling football’s soul” after it revealed plans to raise capital via a new subsidiary, Fifa Forward Enterprise.

FIFA confirmed plans to raise $4.2 billion for a new entity controlling the nonprofit’s “commercial and event operations” at a $20 billion equity valuation.

July 28 : FIFA said on Tuesday it plans to create a new commercial subsidiary valued at $20 billion, offering a stake of up to 20 per cent to external investors in a move that…