FIFA said on Tuesday it plans to create a $20 billion subsidiary to manage the World Cup and its other competitions, offering up to a 20 percent stake to external investors in a move that...

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 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…