UEFA prepares criminal complaint in Swiss courts against FIFA’s Infantino over World Cup sell-off
Summary
UEFA is preparing to file a criminal complaint in Swiss courts against FIFA President Gianni Infantino. The complaint concerns possible financial mismanagement related to Infantino’s failed plan to sell future World Cup profits to private investors.Key Facts
- UEFA is taking legal action against FIFA’s president, Gianni Infantino, in Switzerland.
- The complaint relates to a plan to sell part of FIFA’s commercial rights for the World Cup to private investors.
- The investors included Thrive Capital Management, a New York investment fund founded by Joshua Kushner.
- Thrive planned to pay FIFA $4.2 billion for a 20% stake in a FIFA subsidiary managing commercial events.
- UEFA alleges the $4.2 billion price was fraudulently set too low for Infantino’s personal benefit.
- Infantino canceled the sell-off plan on August 1 after backlash from soccer leaders, including UEFA.
- UEFA plans to use evidence gained through a court discovery process in New York.
- The complaint may accuse Infantino and other FIFA officials of criminal mismanagement under Swiss law.
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