SportsHindustan Times
FIFA faces backlash over private investment plan
in5points
FIFA announced plans to raise $4.2bn by selling stakes in future tournaments to private investors.
FIFA plans to create a subsidiary, FIFA Forward Enterprise (FFE), valued at $20bn, to consolidate commercial operations.
Joshua Kushner, founder of Thrive Capital, is in talks to lead the funding round.
UEFA protested that the game is not FIFA's to sell and may boycott future World Cups if the plan proceeds.
Critics have raised concerns due to Joshua Kushner's family connection to President Donald Trump.
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