European soccer body UEFA warns FIFA of legal action over Infantino’s failed World Cup sell-off plan
Summary
The European soccer organization UEFA has warned FIFA it may take legal action over FIFA President Gianni Infantino’s unsuccessful plan to sell future World Cup profits to private investors. UEFA has also asked FIFA to preserve all relevant data and documents related to this plan as they consider their next steps.Key Facts
- FIFA President Gianni Infantino proposed selling a stake in future World Cup profits to raise $4.2 billion.
- The plan involved private investors, including a New York investment firm linked to Joshua Kushner.
- UEFA and its 55 member federations strongly opposed the plan and agreed to boycott all FIFA events while it was active.
- Infantino withdrew the proposal after the public and organizational backlash.
- UEFA’s lawyers informed FIFA of possible legal action and asked FIFA to keep all related documents and data safe.
- The plan would have created a new commercial entity valued at $20 billion controlling FIFA’s commercial operations.
- UEFA's legal team said destroying relevant materials could lead to legal consequences.
- Infantino is supported by some regions like Africa and South America, while UEFA and other confederations oppose him.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
