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The New Republic
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The New Republic
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FIFA President Prepares to Sell Trump Allies a Piece of the World Cup

The New Republic
FIFA President Prepares to Sell Trump Allies a Piece of the World Cup

FIFA President Gianni Infantino is reportedly plotting to transform the World Cup into a money-making scheme—so, is it any surprise he turned to these experts in corruption?

FIFA announced Tuesday that it would create the FIFA Forward Enterprise (FFE), a new business entity, to raise up to $4.2 million in the next year by “carefully selecting long-term investors who will purchase minority, non-controlling interests in FFE.”

Critics have decried the decision to sell stakes in the World Cup, which is managed by FIFA, a non-profit organization. The move could potentially earn Infantino tens of millions of dollars.

To make matters worse, Infantino reportedly held investor discussions with members of the Trump administration, The Times reported Tuesday. The move comes amid mounting concerns over Infantino’s relationship with Donald Trump, after the president openly bullied FIFA into lifting a red card against a player on the U.S. men’s soccer team.

In addition, FIFA reportedly stated that once the approval was granted, the investor group would be led by Thrive Eternal, a venture capital firm run by Joshua Kushner, the brother of Trump’s son-in-law Jared who is under investigation for alleged corruption.

FIFA said that it planned to expand football development funding to more than $10 billion “subject to approval by FIFA Member Associations.”

The UEFA Europa League immediately released a statement outright rejecting the proposal.

“This crosses a line that football’s governing institutions should never cross,” the statement said. “UEFA takes it extremely seriously. So should every National Football Association. So should every stakeholder: leagues, clubs, players, supporters, governments and everyone who cares about the future of the game. The soul and governance of football are not assets to trade —especially with zero transparency as to who gains financially.”

“None of us are the owners of football. It is not FIFA’s to sell,” the statement said. ...

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FIFA May Sell World Cup Investment Stakes: What We Know About Controversial Plan

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Gianni InfantinoFIFADonald TrumpUnited States
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🇺🇸The New Republic
보는 중

FIFA President Prepares to Sell Trump Allies a Piece of the World Cup

🇺🇸Forbes Business

FIFA May Sell World Cup Investment Stakes: What We Know About Controversial Plan

🇵🇰Geo News (Pakistan)

Fifa mulls stake sale through new $20bn entity, Uefa not happy