theguardian_business

Fifa’s sale of the century: how Kushners and Trump are at centre of a tangled web

📰 source: theguardian_business · 💼 business

fifa president gianni infantino is pushing a plan to sell 20% of the world cup to a private commercial enterprise. the lead investor is joshua kushner, brother of jared kushner and brother-in-law of donald trump. the house judiciary committee's ranking democrat jamie raskin is investigating, citing trump family involvement and accusing infantino of a 'kickback hat-trick' given trump's ties to fifa, including a peace prize and trump tower office lease.

jared kushner previously secured £2bn from saudi arabia's public investment fund for his own investment vehicle, despite internal objections. saudi will host the 2034 world cup and is a fifa sponsor. critics say a 20% stake could effectively give control to the investors. raskin has summoned infantino to testify and requested documents on gifts to trump.

why it matters: plan ties world cup ownership to trump family and saudi investors, raising conflict-of-interest questions for the world's biggest sporting event.

source: theguardian_business
sentiment: -0.30 · impact: 0.60

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'I lost $14,000 in a month': Investors hit by Korean stock market's wild swings

These charts show why stocks keep rallying. Profit margins are the highest on record

Workday shares post best day in 10 years on Silver Lake takeover report

Trade court upholds Trump's closure of 'de minimis' loophole