Urgent.News

What's breaking now, across thousands of outlets.

Culture

Kushner states regret over World Cup sell-off plan

Venture capitalist Joshua Kushner says he would not have got involved in Fifa president Gianni Infantino's scrapped plan to sell off stakes in the World Cup if he had known how the football world reacted.

Kushner states regret over World Cup sell-off plan

Venture capitalist Joshua Kushner, linked to the aborted plan to sell stakes in the World Cup, now regrets his involvement. During his first public remarks since the scrapped Fifa Forward Enterprise (FFE) scheme caused a major crisis, Kushner expressed regret stating, "Had we known what this would devolve into, we would not have gotten involved."

The brother of Donald Trump's son-in-law claimed he had failed to grasp the political complexities of global football. However, Kushner defended the proposal's intentions, asserting, "We stand behind the motivations of FFE," which aimed to equally distribute $4.2bn (£3.1bn) among Fifa's 211 member associations.

Written by urgent.news from BBC Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at bbc.co.uk →

More in Culture

More from Monday 31 August →