
VC Firm’s World Cup Bid Crumbles as FIFA Abandons Deal
A venture capital group led by Joshua Kushner sought to buy a slice of the World Cup, only to see the plan shelved amid threats of boycott and criticism of FIFA’s leadership.
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A venture capital group led by Joshua Kushner sought to buy a slice of the World Cup, only to see the plan shelved amid threats of boycott and criticism of FIFA’s leadership.

A secret plan to offload a 20 % stake in the World Cup to private investors unraveled within weeks, triggering resignations, public denunciations and a crisis of confidence that now threatens Gianni Infantino’s grip on football’s world governing body.

FIFA President Gianni Infantino's proposal to sell a 20 percent stake in the World Cup to private investors has ignited opposition across the sport's governing bodies, with UEFA warning that the soul of football cannot be traded.

FIFA plans to raise $4.2 billion by selling a minority stake in a new commercial venture, a move that has drawn sharp criticism from UEFA and opposition from fans in England.

FIFA plans to offload a 21 percent stake in FIFA Forward Enterprises, aiming to raise $4.2 billion for a major expansion of development funding across its 211 member nations.