UEFA prepares criminal complaint in Swiss courts against FIFA’s Infantino over World Cup sell-off
UEFA says the $4.2 billion plan was undervalued and secretly structured, prompting a planned Swiss criminal complaint against Gianni Infantino.
- On Thursday, UEFA filed documents in a Manhattan court requesting discovery from Thrive Capital Management, founded by Joshua Kushner, while preparing criminal claims in Switzerland against FIFA President Gianni Infantino.
- Infantino's aborted proposal to sell a 20 per cent stake in World Cup commercial events for $4.2bn sparked the legal action after triggering a furious backlash from global soccer leaders.
- UEFA's filing alleges the $4.2bn price represented "an absurdly low enterprise value" and was "neither the product of an open, competitive auction, nor tested by any independent valuer."
- On August 1, Infantino abandoned the sell-off plan following intense pressure from global soccer leaders, yet UEFA continues pursuing the discovery request to investigate potential financial misconduct.
- UEFA counsel is preparing criminal complaints against Infantino for "criminal mismanagement" under the Swiss Criminal Code, utilizing the Manhattan discovery request to secure evidence for Swiss proceedings.
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192 Articles
UEFA target Infantino for 'criminal mismanagement', suspend boycott threat
But, the 56-year-old Swiss chief of world football's governing body gained some respite when UEFA also announced later on Thursday that they were withdrawing, "on a provisional basis", their threat to boycott FIFA tournaments. That will be music to the ears of Poland, who are hosting next month's women's Under-20 World Cup. However, the nuclear option of a boycott -- widely seen as pivotal in forcing Infantino into his humiliating climbdown just…
After a meeting in Monaco, UEFA further confirmed that, should Infantino run for election next year, it will present an alternative to the Swiss-Italian
UEFA prepares criminal complaint against FIFA president Gianni Infantino: Report - The Tribune
European football's governing body UEFA is preparing a criminal complaint against FIFA president Gianni Infantino in Swiss courts over alleged financial mismanagement linked to a failed plan to sell a stake in FIFA's commercial subsidiary, according to a report by ESPN.
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