Lead
FIFA President Gianni Infantino has set a September 19 deadline for the 211 member federations to accept one-off $20 million offers as part of a plan to sell stakes in the World Cup to private investors. The proposal, which involves creating a $20 billion FIFA subsidiary, has drawn immediate criticism from European soccer body UEFA and other confederations.
Coverage Comparison
Reports from ABC Australia, Africa News, and Al Jazeera agree on the core details: Infantino sent a letter to member federations outlining the "singular and unique funding opportunity," which would see the creation of a FIFA subsidiary 20 percent owned by private investors that would run the soccer body's competitions and events such as World Cups and Club World Cups. The letter, seen by The Associated Press, states, "It is my duty and responsibility as FIFA president to present such game-changing opportunities to you, our members."
The proposal is backed by Joshua Kushner's investment firm Thrive Capital. Joshua Kushner is the brother of Jared Kushner, son-in-law of US President Donald Trump. ABC Australia and Africa News both note that the effort marks Infantino's latest attempt to align with those in the orbit of Trump, citing the creation of the FIFA Peace Prize and his involvement in a process that led to United States forward Folarin Balogun playing at the World Cup.
UEFA has expressed strong opposition, with the organization stating, "the World Cup 'is not FIFA's to sell'." UEFA is expected to call its 55 member federations to an emergency online meeting, likely on Thursday. The organization said in a statement, "But having held discussions with many stakeholders across the game, UEFA knows there is significant and growing opposition to FIFA's scheme."
The proposal has also been met with criticism from CONCACAF and the Asian Football Confederation, as reported by ABC Australia and Al Jazeera.
Key Claims
- FIFA President Gianni Infantino set a September 19 deadline for the 211 member federations to accept one-off $20 million offers as part of a project to sell stakes in the World Cup to private investors.
- The $20 billion FIFA subsidiary is bankrolled by Joshua Kushner's investment firm Thrive Capital.
- UEFA aims to call its 55 member federations to an emergency online meeting to discuss the proposal.
- The proposal has been met with opposition from UEFA, CONCACAF, and the Asian Football Confederation.
- FIFA members who approve the proposal will receive $20 million in funding, while those who reject it will receive $10 million.
- UEFA said the World Cup 'is not FIFA's to sell'.
- British Prime Minister Andy Burnham said "Football does not belong to investors. Once you have sold a piece of [the World Cup], you have sold out. Football belongs to the fans. It always has, and it always will."