FIFA plan for Kushner-backed $20 billion operation meets fury from Europe's UEFA | Northwest Arkansas Democrat-Gazette

FIFA President Gianni Infantino unveiled a proposal Tuesday to create a $20 billion company, backed by private investors including the Kushner family, to run World Cup competitions. Europe’s UEFA immediately hit back, saying FIFA “is not FIFA’s to sell” and that the “soul and governance of football are not assets to trade,” particularly amid concerns about financial transparency. FIFA said its proposed commercial subsidiary, FIFA Forward Enterprise, could raise up to $4.2 billion later this year, with investors buying minority, non-controlling stakes. The plan—first reported by The Times—also involves J.P. Morgan and a “consultation process,” with member federations voting.