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UEFA Slams FIFA’s Plan To Sell Stakes In World Cup
['The Whistler']
The Whistler Newspaper
European football’s governing body UEFA has reacted furiously to proposals from FIFA to seek private investment in its competitions, including the World Cup.
The story was first reported in the Financial Times and the Times, with the latter claiming the plans could potentially earn FIFA president Gianni Infantino tens of millions of pounds.
FIFA said that once approval has been granted, Thrive Eternal is expected to lead the proposed investor group for FFE.
Thrive is an American venture capital firm founded by Joshua Kushner, the brother of US President Donald Trump’s son-in-law Jared.
However, UEFA issued a statement criticising the proposals, which it claimed “crosses a line”.