FIFA Under Fire Over Plan To Sell World Cup Stake To Joshua Kushner Investment Firm

Controversial plans to sell stakes in the FIFA World Cup to private investors have sparked a furious response from football authorities and politicians. UEFA, the body that governs European football, took the unprecedented step of releasing a statement condemning FIFA’s plan, which involves creating a new entity that w

World football's governing body said Tuesday it would retain a majority share in FIFA Forward Enterprise (FFE) but hoped to raise $4.2 billion later this year by "carefully selecting long-term investors who will purchase minority, non-controlling interests".

EU warns FIFA World Cup sell-off could breach competition law  euractiv.com

Tuesday’s announcement produced a furious response from UEFA.

Association was unaware of Infantino’s plans ‘We are deeply concerned by the lack of due process’ Concacaf has joined Uefa in criticising Fifa’s plan to sell off stakes in the World Cup to private investors. In a strongly worded statement the Confederation of North, Central America and Caribbean Association Football

The Football Association has said it is "deeply concerned" by FIFA's plan to sell stakes in its competitions.

The new initiative is the second time Infantino has attempted to privatise football assets, with the first being in 2018 where the FIFA chief proposed a multi-billion dollar project to create more global competitions, funded by private investors.

Fifa's Infantino plans to sell stakes in World Cup  thenationalnews.com

Football's world governing body announces plans to sell stakes of up to 20 percent in the World Cup and other events.

An investment vehicle founded by Joshua Kushner, the brother of Jared Kushner, US President Donald Trump’s son-in-law, is expected to be a lead investor.

An investment vehicle founded by Joshua Kushner, the brother of Jared Kushner, US President Donald Trump’s son-in-law, is expected to be a lead investor.

Mr Burnham has joined criticism of the proposal, writing the ‘World Cup is not a product’

He's just presided over a World Cup regarded as the most commercialised in history.

FIFA says it hopes to sell $4.2bn stake in its tournaments  Dawn

The proposal has been widely criticized, with European soccer's governing body UEFA saying it "crosses a line."

FIFA has announced plans to form a commercial subsidiary and to sell a non-controlling interest to private investors. It needs approval from member associations, but is claiming that it will benefit them financially.

Gianni Infantino stands to make millions if he's able to complete a deal.

UEFA have hit out at FIFA's plans to sell stakes linked to the World Cup to private investors.

FIFA is planning to sell a significant minority stake in a new commercial entity with a valuation of about €17.5 billion ($20 billion).

World Cup for sale: Gianni Infantino’s plan to sell stakes in tournament  The Times