FIFA’s Infantino sets deadline for $20M offer to members in Kushner-backed World Cup investor plan
Summary
FIFA President Gianni Infantino has given the 211 FIFA member federations until September 19 to accept a one-time $20 million offer tied to a new plan involving private investors. The proposal aims to create a $20 billion FIFA subsidiary partly owned by private investors to manage FIFA competitions like the World Cup. Some soccer organizations, including UEFA and regional bodies, have expressed concern and opposition to the plan.Key Facts
- FIFA President Gianni Infantino wants to create a $20 billion subsidiary, 20% owned by private investors, to manage soccer events.
- Each of FIFA’s 211 member federations would get a one-time $20 million payment if they agree by September 19.
- The investment is backed by Thrive Capital, the firm of Joshua Kushner, whose brother Jared Kushner is President Donald Trump’s son-in-law.
- UEFA criticized the plan, saying the World Cup “is not FIFA’s to sell” and plans an emergency meeting to discuss it.
- Asian and North American regional soccer bodies also voiced concerns about the process and lack of consultation.
- If members reject the plan, they will receive $10 million over the next four years instead of $20 million.
- British officials, including Prime Minister Andy Burnham, oppose the plan, emphasizing that football should not be controlled by investors.
- The plan forms part of Infantino’s ongoing efforts to change FIFA’s financial and event structures without broad input from soccer groups.
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