FIFA World Cup Investment
FIFA's private-investment plan for the World Cup draws fury from UEFA.
Summary
FIFA announced Tuesday a plan to create a $20b company for the World Cup and other events, selling up to a 20% stake and raising as much as $4.2b from private investors. The company would consolidate FIFA competitions’ commercial rights and operations, with the Kushner family among the investors. UEFA rejected the proposal, saying “It is not FIFA’s to sell” and that “None of us are the owners of football.” House Judiciary Democrats launched an investigation into reported contacts between Trump administration officials and FIFA President Gianni Infantino.
The Coverage
Insider sell-off
FIFA’s commercialization plan is a corrupt privatization scheme that would let politically connected insiders profit from soccer’s biggest assets. Infantino, Trump, and Kushner-linked interests are using the World Cup’s commercial value as a private financial opportunity rather than protecting the sport.
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