UEFA calls emergency meeting of 55 member nations over FIFA's new $20B commercial subsidiary plan, with boycott threats and English FA expressing

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 $20 billion subsidiary to run the World Cup and its other events and will offer stakes of up to 20 per cent in it to external…

“The soul and governance of football are not assets to trade," UEFA said in a statement.

FIFA plans a twenty billion dollar subsidiary for World Cup events. This move offers external investors up to twenty percent stakes. UEFA criticizes this proposal, calling it a…