Venture capitalist and investor. Thrive Capital founder and managing partner; Oscar Health co-founder; minority Lakers owner; brother of Jared Kushner.
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 have resumed intensive talks to avert steep US tariffs that could take effect this week. Ottawa has offered concessions, including removing a retaliatory auto tariff, while Washington has pressed provinces to lift bans on US alcohol and pushed demands on market access and content rules for autos. Negotiators are still finalising details.
Nvidia has enlisted six Wall Street firms to finance a $500 billion buildout of AI infrastructure, treating compute as a new asset class. The plan centers on financing data centers and GPU clusters for customers unable to pay upfront, with OpenAI-related projects and neoclouds in focus. Executives cite long-term value and revenue generation, while cautions focus on depreciation risk and China’s potential price competition.
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.
A collection of new interviews and analyses shows Europe grappling with scaling tech firms, AI investment, and strategic sovereignty as industry pressure builds and the continent seeks to turn ideas into global companies.
OpenAI unveils a privacy-centric safety monitoring approach, while Anthropic maintains a 30-day data retention policy for its covered models, prompting enterprise concerns and competitive tension in the AI safety space.
Bob Iger and Josh Kushner have agreed to buy the Los Angeles Lakers from Mark Walter in a transaction valuing the franchise at about $12.5 billion. The sale has been announced this week, requires approval from the NBA Board of Governors and is subject to due diligence and Kushners divestment of a Miami Heat stake.
FIFA president Gianni Infantino is facing intensified scrutiny as UEFA, CONCACAF and AFC demand accountability over a private-investment plan for World Cup assets. CAF backs Infantino, while Ireland withdraws support amid governance concerns. Motsepe says decisions should come from elections, not behind closed doors.
The global football federation is confronting a fracturing alliance as three major confederations call for a review of Gianni Infantino’s leadership amid a shelved plan to sell World Cup commercial rights; New Zealand withdraws support, while Caf and Conmebol back Infantino for a fourth term. The next months will determine Infantino’s fate at the Rabat congress.
Infantino is facing a leadership crisis as CONCACAF, UEFA and AFC push for his resignation amid a failed World Cup privatization plan. He is meeting Dominican officials while allies seek to rally support and counter moves to unseat him ahead of the March 2021 presidential election. FIFA has not commented on ongoing requests for change.
European football federations convene in Monaco as UEFA seeks assurances after Infantino's investor plan was aborted. The talks aim to prevent a boycott, clear the path for the Under-20 Women’s World Cup in Poland, and set a course for Infantino’s re-election battle in March 2027.
TWG Global faces federal investigations into affiliated-party loans across its insurers, prompting questions about liquidity and potential impacts on its sports assets, including the Dodgers and Lakers. The company denies fraud and reiterates that its major franchises are not for sale, as regulators review financing and related transactions.
Buss siblings vote to sell Lakers stake; Jeanie Buss seeks court order to block the sale and preserve her governance role. The dispute centers on a 17.8% family stake valued at about $12.5 billion, with legal fights looming over fiduciary duties and 2017 court orders.
Josh Kushner has issued his first public statement on the collapsed FIFA Forward Enterprise proposal, saying he still supports its aims but would not have invested had he known how the process would unfold. UEFA has filed US court papers seeking document production and depositions from Kushner and Thrive as it prepares possible criminal mismanagement claims against FIFA president Gianni Infantino.
UEFA has escalated pressure on FIFA president Gianni Infantino after revealing a criminal mismanagement complaint in Switzerland related to a failed bid to sell future World Cup profits to private investors. The move follows a broader backlash from FIFA member bodies amid concerns over a $4.2 billion investment plan that would have paid out to federations. Infantino has not indicated he will step down, and election remains scheduled for March 2027.
The KNVB has stated it no longer has confidence in FIFA President Gianni Infantino and is calling for a broader governance overhaul. It proposes an International Summit to decide what kind of FIFA the world wants, ahead of Infantino’s 2027 re-election. AP News reports similar concerns among UEFA members, while discussions involve potential changes to distribution and decision-making structures.
The FFF has withdrawn its support for Gianni Infantino amid concerns over FIFA’s governance and plans to sell World Cup stakes. UEFA and other confederations join in pressing for reform as Infantino plans to stand again in 2027.
FIFA President has reaffirmed plans to seek a fourth term in 2027 despite mounting criticism from UEFA and other confederations over the failed FFE plan to privatise World Cup profits. Nominations close 18 November ahead of the Rabat congress.
FIFA president Gianni Infantino has faced renewed scrutiny as FairSquare’s complaints persist, with European bodies pressing for transparency and a fresh external review of the FFE plan. UEFA and others are seeking documents, while Infantino remains intent on a fourth term, with candidacies due next month.
Chelsea Football Club's ownership moves to full control by Clearlake Capital as Todd Boehly and Mark Walter exit their stakes. Wyss remains a stakeholder; Chelsea reiterates no change to day-to-day operations while pursuing long-term sporting and infrastructure ambitions.
New ownership has outlined aggressive plans to lift the Lakers’ value to $30 billion within a decade, backed by higher ticketing, media rights and international growth. The sale from the Buss family to Joshua Kushner and Bob Iger has triggered a valuation surge and renewed speculation about the franchise’s long-term health.