Concacaf and its member associations outlined on Thursday a decision to reject ‘FIFA Forward Enterprise’—Gianni Infantino’s plan to sell shares in the World Cup to private investors.
Infantino wants to create a new company, valued by FIFA at $20 billion, that controls FIFA competitions—the obvious example being the men’s and women’s World Cups. But shares in that enterprise would then be sold for billions of dollars to venture capitalists like Joshua Kushner, brother of U.S. President Donald Trump’s son-in-law, Jared.
