FIFA's proposal to create a subsidiary and sell up to a 20 percent stake to outside investors has drawn sharp opposition from former president Sepp Blatter and European football's governing body, even as current leadership defended the plan as a democratic process.
FIFA on Tuesday unveiled plans for FIFA Forward Enterprise, a new company to handle commercial operations for the World Cup and other tournaments, valued at roughly $20 billion. Blatter, who led FIFA from 1998 to 2015, [said he was