Uefa planning to check if Infantino tried to sell stakes in World Cup on cheap

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Uefa planning to check if Infantino tried to sell stakes in World Cup on cheap

The Guardian · 3 hours ago

Uefa is planning to commission an independent valuation of Fifa's abandoned World Cup sale plans, amid concerns that president Gianni Infantino agreed to sell future tournament profits to a private equity firm at below market value. The European body remains unmoved by Infantino's written apology to Fifa's 211 member associations and intends to keep pressing for his removal, using scrutiny of the deal as one of its tactics after he conceded the proposal was "a mistake."

The scrapped Fifa Forward Enterprise plan would have sold a 21% stake to Thrive Capital, led by Joshua Kushner, for $4.2bn, based on a $20bn valuation of Fifa's commercial assets. Uefa, which helped force the U-turn after all 55 member associations threatened a boycott, is questioning how that figure was reached, noting Fifa's revenues for the last four-year cycle were $15bn and that the deal appeared not to price in future expansion such as more teams or tournaments. Uefa has also called for a wider governance review and threatened legal action, while Fifa insists Infantino retains its "full support" despite internal criticism from senior figures including secretary general Mattias Grafström and Arsène Wenger.

  • Uefa to seek independent valuation of Fifa's scrapped World Cup stake sale
  • Deal would have sold 21% stake to Thrive Capital for $4.2bn
  • Uefa still pushing for Infantino's removal despite his apology

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