Key player Kushner regrets the way FIFA private investment proposal played out
Venture capitalist Josh Kushner said his company Thrive would not have become involved in FIFA President Gianni Infantino’s proposal to sell part of the commercial rights of the World Cup to private investors if they had known how it would play out. Kushner, the brother of Jared Kushner, son-in-law of U.S. President Donald Trump, defended the principle of Infantino’s ill-fated FIFA Forward…
Venture capitalist Josh Kushner, brother of Jared Kushner and son-in-law of U.S. President Donald Trump, has expressed regret over Thrive Capital's involvement in FIFA President Gianni Infantino's proposal to sell part of the commercial rights of the World Cup to private investors. The proposal, known as FIFA Forward Enterprise (FFE), was valued at $20 billion but was withdrawn in late July due to strong opposition from UEFA and other stakeholders.
Kushner stated that his company would not have participated if they had been aware of the potential outcome. Infantino apologized for "errors" in the aborted proposal, but later defended the concept behind FFE, which aimed to distribute more funds to poorer national soccer federations and provide investment to underdeveloped nations.
The American billionaire acknowledged that his company failed to grasp the political dynamics of global football, and Thrive maintains a long history of being a partner to all stakeholders.
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- Key player Kushner regrets the way FIFA private investment proposal played out channelnewsasia.com
- Projet économique avorté de la FIFA : l’investisseur américain Joshua Kushner avoue ne pas avoir imaginé l’ampleur des réactions négatives lemonde.fr
- Football power struggle caused FIFA World Cup plan fallout, says Kushner aljazeera.com
