politics
Gianni Infantino set for criminal proceedings over plan to sell FIFA World Cup
UEFA are reportedly preparing to bring criminal proceedings against Gianni Infantino over his FIFA Forward Enterprise (FFE) proposal. The plan they announced in July after this summer's World Cup was to create a commercial subsidiary of FIFA that would manage the commercial and operational rights of its tournaments, in which private investors could take minority stakes.
TL;DR
- UEFA is preparing to bring criminal proceedings against Gianni Infantino over his FIFA Forward Enterprise (FFE) proposal.
- The FFE proposal aimed to create a commercial subsidiary of FIFA where private investors could take minority stakes in tournament rights.
- Infantino has withdrawn the proposal but faces ongoing criticism ahead of the FIFA presidential election.
- UEFA is reportedly seeking documents from FIFA and US financial institutions involved in the plan.
- The planned legal action is expected to take place in Switzerland, with potential charges of criminal mismanagement.
- UEFA stated the FFE was a vehicle for Infantino and a select group to profit from FIFA's assets to the detriment of FIFA and its members.