Yahoo Sports· 1h ago· 1 min read
GENEVA (AP) — FIFA President Gianni Infantino set a Sept. 19 deadline on Wednesday for the 211 member federations to accept a one-off $20 million offer to each underwritten by the investment firm of Jared Kushner’s brother as part of a project to sell stakes in the World Cup.
Infantino set out the “singular and unique funding opportunity” in a letter detailing why he wants to create a $20 billion FIFA subsidiary — 20% owned by private investors — that would run the soccer body’s competitions and events like World Cups and Club World Cups.
“It is my duty and responsibility as FIFA president to present such game-changing opportunities to you, our members,” Infantino wrote in the letter seen by The Associated Press.
The proposal revealed Tuesday and backed by Joshua Kushner's investment firm Thrive Capital was met with immediate fury by Infantino’s former colleagues at European soccer…
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