Venture capital firm focused on technology, New York-based
Spain delivers a 4-1 victory over Croatia in Seville, extending their unbeaten streak to 39 matches in all competitions. England earns a 2-0 win over the Czech Republic in Prague, while controversy surrounds Balogun and FIFA governance in a separate thread of the international window.
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.
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's proposals to sell stakes in World Cup rights to private investors have triggered a backlash from European football bodies and key advisers. A resignation amid the controversy underscores widespread opposition and questions about governance. Leaders warn the World Cup should remain in football hands as the debate continues.
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 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FIFA has withdrawn its $4.2bn private‑investor plan after widespread pushback from UEFA and other stakeholders.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.
Base Power has secured a $1 billion Series D, valuing the company at $13 billion, and is expanding with home batteries in Texas and Illinois, integrating storage to stabilize grid demand amid surging electricity use driven by electrification and AI data centers.
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.
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.
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.
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.
A wave of senior leadership departures across major AI labs has intensified as firms recalibrate leadership ahead of anticipated IPOs and major infrastructure overhauls. OpenAI and Anthropic are among those restructuring as executives exit and reassignments take place, with a broader industry shift toward aligning compute strategies with growth goals.
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.
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.