UEFA prepares criminal complaint in Swiss courts against FIFA’s Infantino over World Cup sell-off
- On Thursday, UEFA filed documents in a Manhattan court requesting discovery from Thrive Capital Management, founded by Joshua Kushner, while preparing criminal claims in Switzerland against FIFA President Gianni Infantino.
- Infantino's aborted proposal to sell a 20 per cent stake in World Cup commercial events for $4.2bn sparked the legal action after triggering a furious backlash from global soccer leaders.
- UEFA's filing alleges the $4.2bn price represented "an absurdly low enterprise value" and was "neither the product of an open, competitive auction, nor tested by any independent valuer."
- On August 1, Infantino abandoned the sell-off plan following intense pressure from global soccer leaders, yet UEFA continues pursuing the discovery request to investigate potential financial misconduct.
- UEFA counsel is preparing criminal complaints against Infantino for "criminal mismanagement" under the Swiss Criminal Code, utilizing the Manhattan discovery request to secure evidence for Swiss proceedings.
106 Articles
106 Articles
UEFA pursuing criminal legal proceedings against FIFA and Gianni Infantino
UEFA is pursuing criminal proceedings against FIFA and its president, Gianni Infantino. The European football governing body took the action in New York on Thursday over Infantino’s plan to sell shares of the World Cup to private investors. Action was taken against Infantino, the FIFA organisation, and Thrive Capital — understood to be the expected […]
UEFA prepares Swiss criminal complaint against Gianni Infantino over World Cup sale
UEFA has stepped up its legal challenge against FIFA president Gianni Infantino, seeking evidence that could be used in criminal proceedings over a controversial plan to sell stakes in the governing body's most valuable competitions to private investors.
The European football governing body UEFA is looking into options to prosecute FIFA boss Gianni Infantino for his failed plan to...
UEFA, the European football governing body, is planning to take legal action against the head of the International Football Association (FIFA), Gianni Infantino.
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