Josh Kushner said Thrive Capital misjudged football's political dynamics, would have avoided FIFA's failed $20 billion rights plan, but still supports its aim of broader investment.
FIFA has issued a clarification regarding its FIFA Forward Enterprise (FFE) proposal, stating it would 'never entertain' selling football to private parties and aims to ensure meaningful commercial ownership for all member nations, following strong criticism and boycott threats from UEFA and CONCACAF.
The global players' union, FIFPRO, has strongly criticised FIFA President Gianni Infantino, accusing him of 'profound abuse of presidential power' following the secretive development and subsequent shelving of the 'FIFA Forward Enterprise' plan, which aimed to privatise the FIFA World Cup.
FIFA President Gianni Infantino's proposal to create a $20 billion subsidiary, FIFA Forward Enterprise (FFE), to commercialise its events and offer stakes to external investors, has drawn significant criticism from governing bodies like UEFA and CONCACAF, who accuse FIFA of a lack of transparency and attempting to 'sell the soul of football'.
The national football federations of Serbia, Sweden, and Wales have withdrawn their support for FIFA President Gianni Infantino's re-election bid, with England's FA also expected to follow suit, intensifying the backlash against him following a failed plan to sell a stake in the World Cup to private investors.
FIFA plans to create a $20 billion subsidiary, FIFA Forward Enterprise (FFE), to manage the World Cup and other events, offering up to 20% stakes to external investors, a move that has drawn fierce criticism from UEFA, who accused the governing body of putting the game's 'soul' up for sale.
Carlos Cordeiro, senior advisor to FIFA president Gianni Infantino, has resigned with immediate effect, protesting a proposal to sell a stake in the World Cup, which he labelled 'a bad deal for football'.
Six Arab football federations, including 2030 World Cup co-host Morocco and Qatar, have publicly declared their "full support" and "confidence" in FIFA President Gianni Infantino. This backing comes as Infantino faces significant backlash and withdrawals of support from European and Oceania federations over his failed $20 billion private investment plan for the World Cup, highlighting a growing schism within global football governance.
FIFA President Gianni Infantino announced on Friday that the world soccer's governing body has abandoned its controversial plans to sell a stake in the World Cup to private investors, following widespread backlash from major confederations and internal dissent.
The Foundation of Excellence is inviting applications from engineering students to apply for its merit scholarship.
The Foundation for Excellence Scholarship for Technical Courses 2024-25 programme provides financial assistance to meritorious students from economically disadvantaged backgrounds who aspire to pursue undergraduate degrees in engineering, medicine or law.
An initiative to fund the education of bright Indian youngsters undertaken by two Indian-Americans has now acquired a momentum of its own, discovers Anjuli Bhargava.
