Live updates: European soccer teams vote to boycott World Cups over controversial FIFA investment plan | CNN
Live updates: European soccer teams vote to boycott World Cups over controversial FIFA investment plan | CNN
European soccer teams vote to boycott World Cups over controversial FIFA investment plan | CNN
European soccer governing body UEFA says it will boycott World Cup competitions over FIFA President Gianni Infantino’s plan to inject private money.
UEFA boycotts the World Cup: Europe’s soccer governing body has voted to boycott future men’s and women’s World Cups in reaction to FIFA’s plan to inject private money into its competitions. “The World Cup is not for sale,” UEFA said. Six of the current top 10 squads in the FIFA rankings are European teams.
FIFA President Gianni Infantino has proposed the creation of a $20 billion company running major tournaments with private investors. UEFA called an emergency meeting and issued blistering statements in an escalating dispute over the scheme, saying there was “zero transparency as to who gains financially.”
Kushner family backing: FIFA is working with JP Morgan on the commercial subsidiary, which would be called FIFA Forward Enterprise (FFE). Intended investors include Thrive Eternal, founded by Joshua Kushner, whose brother Jared Kushner is a son-in-law of US President Donald Trump.