UEFA to Sue FIFA, Infantino Over Alleged Secret Deal
Translated from Icelandic and summarized by DistantNews. Read the original for the full story.
At a glance
- UEFA plans to sue FIFA, its president Gianni Infantino, JP Morgan, and Joshua Kushner.
- The lawsuit alleges Infantino intended to sell a stake in FIFA's commercial rights without consulting FIFA's council or other confederations.
- UEFA claims the deal was a way for Infantino and a select group to profit from FIFA's assets at the expense of the organization and its members.
European football's governing body, UEFA, is preparing to launch a lawsuit against FIFA, its president Gianni Infantino, the JP Morgan bank, and Joshua Kushner. The legal action stems from allegations that Infantino sought to sell a stake in FIFA's commercial rights without the necessary approvals from FIFA's council or other continental confederations.
According to reports citing the lawsuit, the proposed deal involved an investment group led by Joshua Kushner aiming to acquire a share in FIFA's event organization and men's World Cup rights. UEFA contends that this plan was developed in secrecy over more than a year by top FIFA officials.
The core of UEFA's claim is that the transaction was primarily motivated by Infantino's personal financial gain. "Essentially, this was a way for Infantino and this small group to acquire a permanent stake in and profit from FIFA's most valuable assets at the expense of FIFA, its member associations, and other stakeholders within the football family," the lawsuit states. The move signals a significant escalation in tensions between UEFA and FIFA under Infantino's leadership.
Essentially, this was a way for Infantino and this small group to acquire a permanent stake in and profit from FIFA's most valuable assets at the expense of FIFA, its member associations, and other stakeholders within the football family.
Originally published by Morgunblaรฐiรฐ in Icelandic. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.