Joshua Kushner Distances Himself from Failed FIFA Investment Plan
2 sources across 2 countries · Germany · Qatar · 1 of them is linked to a state
Who reported this
- Der Spiegel
- Al Jazeera
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
- A hatched block means the outlet is affiliated with, or controlled by, a state.
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Venture capitalist Joshua Kushner has stated that his firm would not have participated in a proposed FIFA investment plan had they anticipated the resulting political backlash. Kushner, the brother of Jared Kushner, was involved in a plan to acquire a 20 percent stake in a FIFA subsidiary for approximately 4.2 billion dollars. The plan, which was pushed by FIFA President Gianni Infantino, has since failed.
UEFA is now calling for Infantino's resignation and is preparing a criminal complaint against him in Switzerland. UEFA has also requested that a New York court grant subpoenas for documents and testimony from Kushner and his firm, Thrive Capital. While UEFA has accused Infantino of criminal mismanagement and described the proposal as an opaque backroom deal, reports indicate that Kushner and Thrive are not expected to be defendants and have not been accused of wrongdoing.
Kushner defended the motivations of the FIFA Forward Enterprise, stating the goal was to distribute capital more equally among all 211 member countries to support underdeveloped nations and grassroots football. FIFA previously stated the proposal would have raised 4.2 billion dollars for poorer nations and would have been subject to a vote by member associations.
How each side framed it
- Centre-left
- Outlets of this lean framed the event as a power struggle and leadership crisis characterized by secret deals and criminal mismanagement.
Sources
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