Utopia Talk - Politics - FIFA to sell the World Cup to Kushner

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Utopia Talk / Politics / FIFA to sell the World Cup to Kushner

Paramount
rank Wed Jul 29 18:30:43
FIFA plan for Kushner-backed $20 billion operation to run World Cup meets fury from Europe’s UEFA

GENEVA (AP) — FIFA President Gianni Infantino’s plan to create a $20 billion company running the World Cup with private investors including the Kushner family was announced Tuesday — and immediately attacked by European soccer body UEFA.

“It is not FIFA’s to sell,” UEFA said in a statement. “None of us are the owners of football.”

Infantino’s plans to form a commercial subsidiary, which would be called FIFA Forward Enterprise (FFE), running competitions like the World Cup and Club World Cup was first reported by The Times of London.

FIFA said in a statement FFE would raise up to $4.2 billion later this year to help fund development programs “based on an initial equity valuation of $20 billion by carefully selecting long-term investors who will purchase minority, non-controlling interests.”

FIFA is working with J.P. Morgan while intended investors include Thrive Eternal launched by Joshua Kushner, whose brother Jared Kushner is a son-in-law of U.S. President Donald Trump.

The men’s World Cup that finished this month only deepened the political and personal ties between Trump and Infantino, and fueled concerns about those ties including from UEFA.

“The soul and governance of football are not assets to trade — especially with zero transparency as to who gains financially,” UEFA said Tuesday, responding to the reports of selling stakes in FIFA competitions.

https://ap...45e0864e3a217632733810c232b423

Seb
rank Wed Jul 29 18:46:11
But isn't that basically the job FIFA was set up to do?

Seb
rank Wed Jul 29 18:48:53
So each member gets 20m - that's about 4bn. Where does the other 16bn go? And if FIFA isn't actually running the competitions anymore, what is that money for?

This is laughably corrupt. Pretty sure this will get killed.

tumbleweed
rank Wed Jul 29 19:51:04
this is the age of laughably corrupt

(interesting how so far everything still supports Kushner being the devil & Trump his minion as i suspected years ago >.>)

show deleted posts

Paramount rank	Wed Jul 29 18:30:43 FIFA plan for Kushner-backed $20 billion operation to run World Cup meets fury from Europe’s UEFA GENEVA (AP) — FIFA President Gianni Infantino’s plan to create a $20 billion company running the World Cup with private investors including the Kushner family was announced Tuesday — and immediately attacked by European soccer body UEFA. “It is not FIFA’s to sell,” UEFA said in a statement. “None of us are the owners of football.” Infantino’s plans to form a commercial subsidiary, which would be called FIFA Forward Enterprise (FFE), running competitions like the World Cup and Club World Cup was first reported by The Times of London. FIFA said in a statement FFE would raise up to $4.2 billion later this year to help fund development programs “based on an initial equity valuation of $20 billion by carefully selecting long-term investors who will purchase minority, non-controlling interests.” FIFA is working with J.P. Morgan while intended investors include Thrive Eternal launched by Joshua Kushner, whose brother Jared Kushner is a son-in-law of U.S. President Donald Trump. The men’s World Cup that finished this month only deepened the political and personal ties between Trump and Infantino, and fueled concerns about those ties including from UEFA. “The soul and governance of football are not assets to trade — especially with zero transparency as to who gains financially,” UEFA said Tuesday, responding to the reports of selling stakes in FIFA competitions. https://ap...45e0864e3a217632733810c232b423
Seb rank	Wed Jul 29 18:46:11 But isn't that basically the job FIFA was set up to do?
Seb rank	Wed Jul 29 18:48:53 So each member gets 20m - that's about 4bn. Where does the other 16bn go? And if FIFA isn't actually running the competitions anymore, what is that money for? This is laughably corrupt. Pretty sure this will get killed.
tumbleweed rank	Wed Jul 29 19:51:04 this is the age of laughably corrupt (interesting how so far everything still supports Kushner being the devil & Trump his minion as i suspected years ago >.>)
	show deleted posts

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