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UEFA is preparing a criminal complaint against FIFA President Gianni Infantino in Swiss courts for possible financial mismanagement over his failed plan to sell future World Cup profits to private investors.
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UEFA said on Thursday it filed documents in a Manhattan court requesting discovery of potential evidence from the New York investment fund, Thrive Capital Management, founded by Joshua Kushner.
Thrive and Kushner were to be the anchor investors intending to pay FIFA $4.2 billion (€3.6 billion) for a 20% stake in a subsidiary that would run the soccer body’s commercial events, including the World Cup.
“UEFA and its counsel are contemplating a Swiss criminal proceeding against Infantino and possibly other FIFA officials for criminal mismanagement under Article 158 of the Swiss Criminal Code,” UEFA’s lawyers state in a 56-page document seen by the Associated Press news agency.
The document suggests the $4.2 billion figure could be a “fraudulently off-market price promoted by Infantino for his own benefit.”
Infantino dropped the sell-off plan on 1 August after a furious backlash by global football leaders, including UEFA.
This is a developing story and our journalists are working on further updates.
Additional sources • AP
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