Kushner Blames Soccer Power Struggle for World Cup Plan Collapse
- On Monday, billionaire investor Josh Kushner broke his silence on the failed FIFA World Cup deal, admitting his firm, Thrive Capital, "failed to appreciate the political dynamics of global football" leading to its downfall.
- The proposed FFE initiative aimed to distribute funding to 211 member countries, Kushner said, noting money was "historically concentrated amongst a small group of countries" and intended to support "underdeveloped nations."
- UEFA previously characterized the plan as an "ultimatum," while its lawyers argued the World Cup was deliberately undervalued at around £15bn, calling it "a figure that was neither the product of an open, competitive auction, nor tested by any independent valuer."
- Legal filings reveal that UEFA asked a New York court to approve subpoenas for documents from Thrive and financier Greg Maffei, while considering a criminal complaint against FIFA president Gianni Infantino in Switzerland.
- As Infantino prepares for 2027 reelection as FIFA president, Kushner has continued his sports expansion, recently purchasing a controlling stake in the Los Angeles Lakers for a record $12.5bn alongside Disney CEO Bob Iger.
21 Articles
21 Articles
Aftenposten
VGJoshua Kushner (41) – brother of Donald Trump's saviors and potential investors in the controversial VM planene – bryter stillheten.
The stalled Fifa project sparked outrage due to power struggles in international football, says one of the investors.
Radio France Internationale
France24Kushner blames soccer power struggle for World Cup plan collapse
The first comments by venture capitalist Kushner -- the brother of President Donald Trump's son-in-law -- since the plan collapsed come as European governing body UEFA prepares a criminal case against FIFA president Gianni Infantino. "While we stand behind the motivations of FFE, we failed to appreciate the political dynamics of global football, and the lengths some would go to," said Kushner, in a statement e-mailed to AFP. "Had we known what t…
Another Kushner's World Cup Deal in Trouble After FIFA Abandons Plan To Sell 20% Stake
Joshua Kushner's attempt to acquire a 20% stake in World Cup commercial rights collapsed amid legal scrutiny and backlash from football federations, questioning the $4.2 billion valuation.
Technology investor Joshua Kushner publicly regrets his involvement in Infantino's failed fifa investor plan, revealing what was behind the billion-dollar project.
Coverage Details
Bias Distribution
- 42% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
