New York-based venture firm focused on tech, managing billions in assets
Norway's football federation has said it will ask its board to consider filing an ethics complaint to FIFA over the decision to suspend Folarin Balogun’s automatic one‑match World Cup ban after a phone call from US President Donald Trump to FIFA president Gianni Infantino. The IOC has also said it will not open a probe because the complaint falls outside its remit.
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.
Continental bodies including UEFA, CONCACAF and AFC are opposing FIFA's plan to create the FIFA Forward Enterprise and sell a stake, arguing it compromises governance and the sport’s integrity. The pushback comes as preparations for potential further actions, including a boycott, intensify.
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.
The plan to unlock up to $4.2bn by selling a 20% stake in a new entity overseeing FIFA competitions has ended in retreat after stakeholder resistance. Infantino faces renewed scrutiny as he seeks a fourth term, with several federations withdrawing support.
Redwood Materials has repurposed millions of aging EV battery packs for grid storage and AI data centers, projecting 1 TWh of US capacity by 2040. The approach highlights a domestic supply chain, reusing batteries before recycling, and could ease grid stress as electrification and AI demand grow.
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.
President Trump has publicly backed FIFA president Gianni Infantino after UEFA, CONCACAF and the AFC accused him of "breaking trust through deception" over a shelved plan to sell stakes in a new commercial arm. Infantino has retained support from CAF and CONMEBOL while several national federations have withdrawn endorsement ahead of the 2027 election.
Barclays has analysed five tech shakeups to identify traits of surviving software firms. Winners tend to have healthy margins, strong cash flow, low debt, and high productivity, allowing them to adapt amid industry shifts. The study suggests financial strength and operational discipline may outpace rapid growth in guiding resilience.
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.