UEFA Takes Legal Action Against FIFA, Kushner over Plan to Sell Stakes in World Cup
UEFA says the scrapped plan would have sold about 20% of World Cup rights for $4.2 billion and bypassed soccer governance rules.
6 Articles
6 Articles
UEFA takes legal action against FIFA, Kushner over plan to sell stakes in World Cup
FIFA announced a proposal to sell shares in the World Cups to private investors in July, only to abandon the plan days later after widespread condemnation from high-ranking soccer officials
London: UEFA said on Thursday it had temporarily suspended plans to boycott FIFA competitions after FIFA definitively scrapped its controversial FIFA Forward Enterprise project. UEFA stated it had received written assurances that the proposal, championed by FIFA President Gianni Infantino, which involved selling a stake in future World Cup tournaments to investors, […]
UEFA went to a federal court in Manhattan this Thursday to request authorization to summon businessman Joshua Kushner and his Thrive Capital investment fund to obtain documents on FIFA’s failed commercial project to privatize part of its trade rights. UEFA’s entry requests in New York to summon Kushner to gather evidence about Infantino was first published in Digital Process.
UEFA has taken the battle against the controversial project of privatization of the World Cup to the courts of New York. The lawsuit is directed against Thrive Capital, the investment firm of Joshua Kushner who collaborated with FIFA in the design of the operation, as Bloomberg advanced.The governing body of European football seeks with the judicial process to gather data, documents and information about the project with which FIFA intended to o…
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