UEFA moves to file criminal complaint against Infantino over failed FIFA sell-off
Summary
UEFA is preparing a criminal complaint in Swiss courts against FIFA President Gianni Infantino. The complaint concerns Infantino's failed plan to sell a $4.2 billion stake in FIFA's World Cup revenues to private investors, which UEFA lawyers say involved financial mismanagement.Key Facts
- UEFA wants to take legal action against FIFA President Gianni Infantino in Switzerland.
- The complaint focuses on a failed deal to sell 20% of FIFA’s commercial events, including the World Cup, for $4.2 billion.
- The deal involved Thrive Capital, an investment fund led by Joshua Kushner.
- UEFA lawyers say the $4.2 billion price was too low and possibly set to benefit Infantino personally.
- Infantino canceled the sale plan on August 1 after strong criticism from soccer leaders, including UEFA.
- UEFA has requested access to documents from Thrive Capital in U.S. courts to support their case.
- UEFA accuses Infantino of mismanaging FIFA’s money and harming the interests of FIFA members.
- FIFA and Thrive Capital have not yet commented on the situation.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
