Soccer: FIFA sets deadline for member associations to back its controversial private investment plan [SOUND]

# Soccer: FIFA has set a deadline of 19 September for all 211 member associations to approve its controversial plan to sell off stakes in its major competitions. FIFA is planning to raise an estimated 70.35 billion-rand this year by selling a reported 20-percent minority stake in a new subsidiary called FIFA Forward Enterprise, at an equity valuation of around 334.46 billion-rand. FIFA president Gianni Infantino has defended the plan, calling it an offer, not an obligation: