FIFA proposes $20 billion subsidiary to sell minority stakes in tournaments
The segment reports on a Financial Times story detailing FIFA's plan to create FIFA Forward Enterprise, a commercial subsidiary valued at $20 billion, and seek minority non-controlling stakes from private investors including Joshua Kushner with JP Morgan assisting. UEFA responded with strong criticism, warning the move crosses a line on football's governance and soul. The report notes FIFA's 211 member associations must approve the plan and would each receive up to $20 million in one-off funding if it proceeds. It also references prior criticism of FIFA president Gianni Infantino's ties to Donald Trump.
Source: FRANCE 24 English