UEFA prepares criminal complaint in Swiss courts against FIFA’s Infantino over World Cup sell-off
UEFA says the $4.2 billion plan was an off-market deal that would have given Infantino and advisers a permanent stake in FIFA assets.
- On Thursday, UEFA filed documents in a Manhattan court requesting discovery from Thrive Capital Management, founded by Joshua Kushner, while preparing criminal claims in Switzerland against FIFA President Gianni Infantino.
- Infantino's aborted proposal to sell a 20 per cent stake in World Cup commercial events for $4.2bn sparked the legal action after triggering a furious backlash from global soccer leaders.
- UEFA's filing alleges the $4.2bn price represented "an absurdly low enterprise value" and was "neither the product of an open, competitive auction, nor tested by any independent valuer."
- On August 1, Infantino abandoned the sell-off plan following intense pressure from global soccer leaders, yet UEFA continues pursuing the discovery request to investigate potential financial misconduct.
- UEFA counsel is preparing criminal complaints against Infantino for "criminal mismanagement" under the Swiss Criminal Code, utilizing the Manhattan discovery request to secure evidence for Swiss proceedings.
145 Articles
145 Articles
UEFA asks US court for FIFA documents in planned Swiss case against Infantino
UEFA alleged that FIFA President Gianni Infantino had secretly developed a proposal to transfer FIFA’s commercial rights to a new subsidiary with a small group of advisers and investors.
UEFA preparing criminal complaint against FIFA's Infantino, asks U.S. courts for FIFA documents
UEFA said it is preparing a criminal complaint in Swiss courts against FIFA's Gianni Infantino over possible financial mismanagement related to his failed plan to sell future World Cup profits to private investors.
The failed project that suggested privatizing the World Cups continues to divide the leadership of football.The main federations of Europe met in Monaco, in the run-up to the Champions Draw.They will go to Justice with arguments to compromise the yearning for re-election for President Infantino.
The European body considers in a preliminary request that Switzerland's stillborn plan to open the World Cup to private investors "has caused direct and concrete damage to the Fifa's reputation".
The European Football Association has submitted a request for access to documents that could be used in the proceedings in Switzerland against Infantino, whom it accuses of "mismanagement".
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