UEFA is reportedly soon to hold an emergency meeting to discuss FIFA's plans to effectively sell off a stake in the World Cup. European football's governing body has expressed stiff opposition to the plan.

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…