A major dispute has erupted between FIFA and UEFA over FIFA’s proposal to seek private investment in the commercial rights of the World Cup and other tournaments.

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.

Fifa has announced plans to sell a share of its commercial operations to private investors

Uefa and UK Prime Minister among critics as Fifa seeks private investment in its competitions