American businessman and venture capitalist; Thrive Capital founder
A wave of open-source AI efforts is decentering power from leading firms. River AI plans to ship trainable AI to households, while Thrive Holdings ramps up funding to push AI into traditional services. The landscape is shifting as investors back open-source and practical AI deployments.
European, North American and Asian football bodies have pressured FIFA president Gianni Infantino amid criticism of his plan to sell World Cup stakes to private investors. Motsepe says the fate should be decided by elections, while CAF backs Infantino; Ireland withdraws support amid governance concerns.
FIFA has proposed selling up to 20% of a new commercial arm, FIFA Forward Enterprise, to raise about $4.2bn and offer one‑off $20m payments to each of its 211 member associations. UEFA and several confederations have threatened boycotts, lodged legal and ethics warnings, and flagged potential arbitration over links to investors including Joshua Kushners firm.
European football bodies are voicing strong concerns as FIFA presses ahead with plans to create a private-investor vehicle to run World Cup rights. UEFA warns of a boycott, while governments and fans ask who benefits from the staged investment, and how development funds will be distributed.
Fifa has proposed creating a $20 billion subsidiary, FIFA Forward Enterprise, to run the World Cup and other events, with external investors able to buy up to 20% stakes. Fifa would retain control and use capital to fund development, while reacting to European football bodies’ criticism that this risks the game’s soul.
FIFA plans to create FIFA Forward Enterprise (FFE) to run the World Cup and related events, offering up to 20% stake to external investors. The move has drawn swift criticism from UEFA, Concacaf and other bodies for governance concerns and lack of consultation, while FIFA argues the plan would unlock billions for global football development.
FIFA has unveiled a $20 billion subsidiary to run World Cup rights, offering 20% stakes to private investors. UEFA and other confederations decry the move as dangerous for football, with potential funding promises to member associations. The plan has triggered swift political and sporting backlash as the global football community weighs the risks and rewards.
FIFA has proposed a $20 billion subsidiary, FIFA Forward Enterprise, to run the World Cup and related events, offering up to 20% minority stakes to private investors. FIFA would keep control but plans to raise up to $4.2 billion. CONCACAF, AFC, UEFA and others have criticised the move for a lack of consultation and governance concerns amid a global backlash.
The Asian Football Confederation, UEFA and CONCACAF have voiced strong opposition to FIFA Forward Enterprise, warning that it cannot win broad consensus. FIFA insists on continuing consultations ahead of a vote, while confederations press for governance reforms. The rhetoric signals a potential World Cup boycott if the plan proceeds.
FIFA has faced backlash over a proposed $20bn commercial subsidiary to run its events, prompting UEFA to threaten a boycott and prompting other confederations to voice concerns. Infantino’s plan risks fracturing global football; some bodies seek governance reforms.
Senior FIFA adviser Carlos Cordeiro has resigned, arguing that FIFA’s plan to sell up to 20% of a new entity that would run World Cups and other events is a bad deal for football. The resignation comes amid backlash from UEFA, Concacaf and the AFC, who say the process lacks transparency and could reshape football’s future.
FIFA has scrapped the Forward Enterprises plan after mounting opposition from UEFA, CONCACAF, AFC and member associations. Infantino’s private venture faced resignations and internal criticism, leading FIFA to terminate the project and reaffirm a commitment to open consultation.
FIFA has scrapped its $20 billion private-equity plan to spin off commercial operations after boycotts and resignations from key figures. UEFA and other confederations have condemned the move, stressing governance and integrity in football.
FIFA has scrapped its plan to sell a minority stake in World Cup assets after broad, global backlash. UEFA and other confederations had threatened boycotts and demand reforms. The leadership faces renewed scrutiny as talks to rebuild trust begin.
UEFA has demanded that FIFA preserve data related to the FIFA Forward Enterprise plan after a controversy sparked a global furore. A Dechert letter names 18 FIFA executives and warns that destroying or altering materials may constitute spoliation of evidence. Infantino’s bid appears endangered as UEFA signals a possible end to his presidency.
FIFA has withdrawn its $4.2bn private‑investor plan after widespread pushback from UEFA and other stakeholders. Infantino remains under pressure as he seeks a fourth term, while national federations demand greater transparency and governance reforms.
The FIFA president has faced widespread criticism after proposing private investment in World Cup rights. Following a backdown, UEFA and others say they no longer trust his leadership while Africa’s CAF and other allies show support as Infantino travels to Morocco to navigate a crisis ahead of March elections.
A journalist describes Yerevan’s Republic Square and Dancing Fountains, exploring the Pink City’s heritage, modern life, and recent tourism growth linked to direct flights from London and broader regional appeal.
FIFA has apologised for the mishandling of the FIFA Forward Enterprise plan and confirms the project is off the table. UEFA, CONCACAF and others are pressing for governance reforms as Infantino faces sustained criticism ahead of the 2027 election.
European football bodies keep pressure on Gianni Infantino after the aborted FFE plan. UEFA has lost confidence and a broad boycott threat remains in motion; multiple confederations express opposition or support as the 2027 election nears.
The Norwegian Football Federation has called for Gianni Infantino to resign amid fallout from his bid to privatize the World Cup via the FIFA Forward Enterprise. UEFA maintains its boycott threat and several European federations have withdrawn support as Infantino seeks re-election next March.
European federations have threatened to boycott FIFA competitions if private investment in football events continues, despite an apology from FIFA president Gianni Infantino. The move could impact upcoming women’s World Cup qualifiers and youth tournaments in 2027, with Uefa insisting assurances against future proposals are required to lift any boycott.
Canada and the United States are negotiating amid looming tariffs that could disrupt auto, goods and jobs. Ottawa is seeking a broad, comprehensive deal, while Washington warns of steep duties on Canadian products. Talks have resumed as both sides weigh the future of North American trade.
Nvidia has partnered with six leading asset managers to back a $500 billion push to finance AI infrastructure, including data centers and GPU clusters. The financing platforms treat AI compute as an investable asset class, with potential to reshape who bears the cost of the AI buildout.
FIFA president Gianni Infantino is facing a renewed crisis as multiple football confederations have pulled endorsement ahead of the 2027 re-election. While CAF and CONMEBOL continue to back him, UEFA, CONCACAF and AFC have joined calls for accountability after the aborted plan to privatize World Cup revenues. Trump has publicly backed Infantino, calling replacing him a terrible mistake.
Bob Iger and Josh Kushner have agreed to buy the Los Angeles Lakers from Mark Walter in a deal reported to value the franchise at about $12.5 billion. The agreement has been announced this week and still requires NBA Board of Governors approval and due diligence by Kushner's Thrive Eternal.