FIFA, a non-profit organization, is collaborating with JPMorgan to formulate a strategy aimed at attracting external investors for a new entity valued at approximately 17.5 billion euros. These investors would reportedly gain an approximate 20% stake in the new venture. The interest in this development is reportedly linked to American entrepreneur Joshua Kushner, whose brother, Jared Kushner, is married to Ivanka Trump, daughter of former US President Donald Trump.
The initiative was reportedly spearheaded by FIFA President Gianni Infantino. Infantino has cultivated a close relationship with the US presidency in recent years, an association highlighted by his receipt of the “Fifina Peace Prize” from Donald Trump last December, an award that has drawn criticism from some quarters. FIFA is anticipated to finalize this development plan within the next four years.
This restructuring effort is positioned within the context of the World Cup cycle. The proposed investment framework seeks to bolster FIFA’s financial standing. While the details of the partnership with JPMorgan and the specific terms for investors are still developing, the move signals a significant effort by FIFA leadership, including Gianni Infantino, to secure substantial private capital.
The involvement of figures connected to Donald Trump adds a notable layer of international political attention to the ongoing World Cup planning.
Topics: #trump #world #cup
