FIFA hit by furious backlash over plans to sell stake in competitions

Summary

There was a furious backlash on Wednesday to FIFA's controversial plans to sell a stake in the business operations of the World Cup and its other competitions through the creation of a private subsidiary. World football's governing body had said Tuesday it would retain a majority share in FIFA Forward Enterprise but hoped to raise $4.2 billion later this year by "carefully selecting long-term investors who will purchase minority, non-controlling interests".