Infantino sets deadline for FIFA offer in Kushner-backed World Cup plan
Summary
FIFA President Gianni Infantino has given member federations a deadline of September 19 to accept a $20 million payment each in exchange for allowing private investors, including a firm linked to Jared Kushner’s brother, to buy a 20% stake in a new FIFA company that would manage World Cups and other tournaments. The plan has caused strong opposition from European football groups, some continental football bodies, and British politicians, who say football should not be sold to investors.Key Facts
- FIFA wants to create a new company worth $20 billion to control World Cups and other competitions.
- Private investors, led by Jared Kushner’s brother’s firm Thrive Capital, would own 20% of this new company.
- FIFA is offering $20 million to each of its 211 member federations if they agree to this plan by September 19.
- The plan was revealed without wide consultation, causing concern among football groups in Asia and North America.
- UEFA, the European football body, opposes the idea, saying the World Cup is not for sale.
- British politicians, including Prime Minister Andy Burnham, have spoken against selling parts of football to investors.
- FIFA President Infantino has previously proposed other major changes like World Cups every two years and a FIFA Peace Prize.
- If members reject the plan, they will receive the previously promised $10 million over four years instead of the $20 million offer.
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