The Trump Family FIFA Money Machine Mapped
Summary
FIFA plans to create a new commercial company called FIFA Forward Enterprise (FFE) to manage the rights and operations of its major soccer events, including the World Cup. This company would raise billions from investors, including one led by Joshua Kushner, who is related to President Donald Trump through family ties, but FIFA would keep control over all sports decisions.Key Facts
- FIFA announced a plan to form a $20 billion commercial subsidiary called FIFA Forward Enterprise (FFE).
- FFE would handle commercial rights and event operations for FIFA tournaments like the World Cup.
- The subsidiary aims to raise about $4.2 billion from investors who would hold minority stakes without controlling power.
- FIFA would keep control over football governance, tournament formats, and sporting decisions.
- Thrive Eternal, founded by Joshua Kushner (President Trump’s son-in-law Jared Kushner’s brother), is expected to lead the investor group.
- FIFA opened a representative office at Trump Tower in New York, announced with FIFA President Gianni Infantino and President Trump.
- Jared Kushner is not an investor in the plan, and Joshua Kushner has no role in the Trump administration.
- The proposal would increase funding available to FIFA’s 211 member associations through a new investment program.
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