Less than two weeks after what was considered a successful World Cup, FIFA is drawing the wrong kind of headlines.
FIFA president Gianni Infantino has brought forth a proposal to all of its 211 member ****** ociations to raise $20 billion through private investment by selling stakes in the top FIFA-run tournaments. That would include both the men's and women's World Cups.
The backlash has already started from confederations, including UEFA, which governs European soccer. But while calls to reject the plan have been loud, all Infantino needs is 106 of 211 votes to move forward. The cash infusion for bigger member ****** ociations, like Spain, France and England, among many others, is nothing compare to what the money could do for smaller countries looking to further develop the programs in their respective countries.
Here's a rundown of what's at stake and what could happen next.
Infantino, who has been in charge of FIFA since 2016, wants to sell stakes in the World Cup to private investors, including Joshua Kushner, the brother of U.S. President Donald Trump's son-in-law Jared Kushner. The transaction would be done through Thrive Capital, a venture-capital firm.
#fifa #infantino #capital
FIFA president Gianni Infantino has brought forth a proposal to all of its 211 member ****** ociations to raise $20 billion through private investment by selling stakes in the top FIFA-run tournaments. That would include both the men's and women's World Cups.
The backlash has already started from confederations, including UEFA, which governs European soccer. But while calls to reject the plan have been loud, all Infantino needs is 106 of 211 votes to move forward. The cash infusion for bigger member ****** ociations, like Spain, France and England, among many others, is nothing compare to what the money could do for smaller countries looking to further develop the programs in their respective countries.
Here's a rundown of what's at stake and what could happen next.
Infantino, who has been in charge of FIFA since 2016, wants to sell stakes in the World Cup to private investors, including Joshua Kushner, the brother of U.S. President Donald Trump's son-in-law Jared Kushner. The transaction would be done through Thrive Capital, a venture-capital firm.
#fifa #infantino #capital
3 months ago
