UEFA prepares criminal complaint in Swiss courts against FIFA’s Infantino over World Cup sell-off
- 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.
240 Articles
240 Articles
UEFA is preparing a complaint under Swiss law because of its aborted project to open the World Cup to private investors.
The European football association UEFA increases the pressure on FIFA leader Infantino: In connection with the now rejected investor plan, UEFA is preparing a lawsuit against the president of the World Football Association.
UEFA analyzes a criminal complaint against Gianni Infantino for alleged unfair management linked to FIFA Forward Enterprise.
UEFA says it is preparing criminal complaint against FIFA President Gianni Infantino
UEFA says it is preparing a criminal complaint in the Swiss courts against FIFA President Gianni Infantino over his now-abandoned plan to sell stakes in future World Cups to outside investors.
UEFA Prepares Criminal Complaint Against FIFA President Gianni Infantino: Report
Get latest articles and stories on Sports at LatestLY. European football's governing body UEFA is preparing a criminal complaint against FIFA president Gianni Infantino in Swiss courts over alleged financial mismanagement linked to a failed plan to sell a stake in FIFA's commercial subsidiary, according to a report by ESPN. Sports News | UEFA Prepares Criminal Complaint Against FIFA President Gianni Infantino: Report.
UEFA target Infantino for 'criminal mismanagement', suspend boycott threat
But, the 56-year-old Swiss chief of world football's governing body gained some respite when UEFA also announced later on Thursday that they were withdrawing, "on a provisional basis", their threat to boycott FIFA tournaments. That will be music to the ears of Poland, who are hosting next month's women's Under-20 World Cup. However, the nuclear option of a boycott -- widely seen as pivotal in forcing Infantino into his humiliating climbdown just…
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