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Latest

UEFA asks US court for FIFA documents in planned Infantino case

SABC News ·

UEFA has asked a US federal court for permission to obtain testimony and documents from FIFA entities in Florida for use in a planned criminal complaint in Switzerland against FIFA President Gianni Infantino , according ​to a court filing.

In an ex parte application filed under US law, European soccer’s governing body said it ‌is considering criminal proceedings against Infantino and potentially other FIFA officials and advisers over a now-abandoned plan to transfer commercial rights linked to men’s and women’s World Cups and the Club World Cup into a new subsidiary called FIFA Forward Enterprise (FFE).

UEFA alleges Infantino developed the proposal in secret with a ​small group of advisers and investors, bypassing FIFA’s normal governance processes and failing to consult FIFA’s Council, regional confederations or ​member associations.

The filing asks a U.S. court to authorise discovery from FIFA (AMERICAS), Inc. and FWC2026 US, ⁠Inc., two Florida-based FIFA entities.

UEFA said the organisations may possess documents and witnesses relevant to how the FFE transaction was ​conceived, structured, valued and approved.

Reuters has contacted FIFA for comment.

UEFA said it and other interested parties were preparing claims in Switzerland against ​Infantino for alleged criminal mismanagement under Article 158 of the Swiss Criminal Code.

The filing alleges that Infantino and a small group of advisers and investors developed the plan for more than a year without consulting FIFA’s Council, regional confederations or the 211 member associations before it was unveiled on ​July 28.

UEFA said FIFA statutes give the Council sole authority to decide how FIFA’s commercial rights are promoted.

According to the filing, ​Infantino designated Thrive Eternal, an investment vehicle controlled by Joshua Kushner and affiliated with Thrive Capital, to lead an investor group.

UEFA alleges that the ‌investors stood ⁠to acquire a permanent financial interest in FIFA’s commercial arm.

Former Liberty Media Chief Executive Greg Maffei was retained as a key commercial adviser on the transaction, UEFA alleges.

FIFA commercial rights undervalued says UEFA UEFA said investors would have paid $4.2 billion for a stake in FIFA Forward Enterprise, valuing the business at about $20 billion.

UEFA said the valuation significantly undervalued FIFA’s commercial rights and alleges it was not ​subjected to an open auction ​or tested by an independent ⁠valuation.

Read the full article on SABC News ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.sabcnews.com — the content belongs to SABC News.

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