Uefa pursuing criminal legal action against Infantino
Uefa is pursuing criminal proceedings against Fifa president Gianni Infantino over the scrapped plan to sell off stakes in the World Cup.
UEFA is considering criminal legal action against Fifa president Gianni Infantino over his controversial plan to sell off stakes in the World Cup and other competitions to private investors. The European governing body has requested access to evidence and documents from Switzerland to use in proceedings against Infantino, who is accused of criminal mismanagement.
Infantino proposed creating a new company called Fifa Forward Enterprise (FFE) to sell off stakes in Fifa's football competitions, but the plan was abandoned following widespread criticism. Uefa claims that the proposed sale was fraudulent and offered the stakes at an absurdly low price. The governing body alleges that the plan benefited only Infantino and a small circle of co-conspirators, at the expense of Fifa, its members, and other parties within the football family.
Uefa is pursuing criminal charges against Infantino and potentially other Fifa officials, as well as seeking documents from American investment bank JP Morgan and Thrive Capital, the business that was to take an interest in FFE.
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