Is Fifa selling parts of the World Cup to private investors?
Summary
Fifa plans to create a new company to manage part of the World Cup. It will sell 20% of this company to private investors, with the shares worth more than $4 billion. One possible buyer is Thrive Eternal, an investment firm linked to Jared Kushner’s brother.Key Facts
- Fifa will form a new subsidiary to run part of the World Cup.
- They will sell a 20% ownership stake in this subsidiary.
- The stake is valued at over $4 billion.
- Talks are ongoing with potential buyers for these shares.
- Thrive Eternal, an investment firm connected to Jared Kushner’s brother, is a likely buyer.
- The move marks one of the first times Fifa is seeking private investment in the World Cup.
- This plan aims to raise money by selling shares in the World Cup management.
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