Kushner Says He Regrets Involvement with FIFA’s World Cup Sell-Off Plan
Josh Kushner said Thrive still supports the FIFA plan, even as UEFA seeks court records on the proposed $20 billion valuation.
- New York-based investment firm Thrive Capital hired attorney Alex Spiro of Quinn Emanuel to represent it in discovery proceedings related to FIFA's failed FIFA Forward Enterprise plan.
- Gianni Infantino's plan involved Thrive and Joshua Kushner paying $4.2 billion for a 20% stake in a subsidiary managing commercial events, which triggered a furious reaction from European soccer officials.
- Joshua Kushner stated the "idea behind FFE was to direct more capital and equity equally amongst all 211 member countries," though he admitted they "failed to appreciate the political dynamics of global football."
- Although the UEFA filing states "neither Thrive nor Kushner is an anticipated defendant," Thrive engaged Spiro, known for representing high-profile clients including Elon Musk and NYC Mayor Eric Adams.
- The failed FFE project marks another deep rift with UEFA during Infantino's 10-year presidency, following blocked attempts to launch new competitions and modify the World Cup schedule.
16 Articles
16 Articles
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The Toronto Star
Kushner says he regrets involvement with FIFA’s World Cup sell-off plan
NEW YORK (AP) — FIFA's intended investment partner Josh Kushner has said he regrets getting involved in Gianni Infantino's failed World Cup sell-off plan that provoked a huge rift in global soccer and has pulled him into legal action.
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