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FIFA's Infantino sets deadline for $20M offer to members in Kushner-backed World Cup investor plan‎

abc
14:29

FIFA President Gianni Infantino has set a Sept. 19 deadline for the 211 member federations to accept a $20 million offer to each in his controversial plan to sell stakes in a subsidiary running the World Cup

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FIFA's Infantino sets deadline for $20M offer to members in Kushner-backed World Cup investor plan‎

FIFA President Gianni Infantino set a Sept. 19 deadline on Wednesday for the 211 member federations to accept a one-off $20 million offer to each underwritten by the investment firm of Jared Kushner’s brother as part of a project to sell stakes in the World Cup. Infantino set out the “singular and unique funding opportunity” in a letter detailing why he wants to create a $20 billion FIFA subsidiary — 20% owned by private investors — that would run the soccer body’s competitions and events like World Cups and Club World Cups.

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13:59
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