Milano, Aug. 27 (LaPresse) – UEFA is preparing a criminal complaint against FIFA president Gianni Infantino before Swiss courts over possible financial mismanagement in connection with his failed plan to sell future World Cup profits to private investors. UEFA announced today that it had filed documents with a Manhattan court seeking the acquisition of evidence from New York investment fund Thrive Capital Management. The fund created by Joshua Kushner, son-in-law of U.S. President Donald Trump, was reportedly supposed to be the main investor, intending to pay FIFA $4.2 billion for a 20% stake in a specially created controlled company set up to commercially manage major football events, including the World Cup. “UEFA and its lawyers are considering initiating Swiss criminal proceedings against Infantino and possibly other FIFA officials for mismanagement under Article 158 of the Swiss Criminal Code,” UEFA’s lawyers said in a 56-page document seen by the Associated Press. The document suggests that the $4.2 billion figure could be a “fraudulently inflated price promoted by Infantino for his own benefit.” The FIFA president abandoned the sale plan on August 1 following strong protests from the leaders of world football, including UEFA.
Fifa: Uefa also considering criminal complaint against president Infantino
Milano, Aug. 27 (LaPresse) – UEFA is preparing a criminal complaint against FIFA president Gianni Infantino before Swiss courts over possible financial mismanagement in connection with his failed plan to sell future World Cup profits to private investors. UEFA announced today that it had filed documents with a Manhattan court seeking the acquisition of evidence from New York investment fund Thrive Capital Management. The fund created by Joshua Kushner, son-in-law of U.S. President Donald Trump, was reportedly supposed to be the main investor, intending to pay FIFA $4.2 billion for a 20% stake in a specially created controlled company set up to commercially manage major football events, including the World Cup. “UEFA and its lawyers are considering initiating Swiss criminal proceedings against Infantino and possibly other FIFA officials for mismanagement under Article 158 of the Swiss Criminal Code,” UEFA’s lawyers said in a 56-page document seen by the Associated Press. The document suggests that the $4.2 billion figure could be a “fraudulently inflated price promoted by Infantino for his own benefit.” The FIFA president abandoned the sale plan on August 1 following strong protests from the leaders of world football, including UEFA.