FIFA President Gianni Infantino has defended the proposed creation of the FIFA Forward Enterprise (FFE), a $20 billion commercial subsidiary.

FIFA plans to sell a minority stake in a new commercial entity valued at roughly $20 billion, packaging its sponsorships and media rights for

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…

“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…