$4.2B World Cup Deal Triggers Swiss Criminal Case Against Infantino
UEFA is preparing a criminal complaint in Swiss courts against FIFA President Gianni Infantino over allegations of criminal mismanagement linked to a failed $4.2 billion World Cup investment proposal. European football executives and international sports institutions face an escalating governance crisis as legal petitions advance through judicial systems in Switzerland and the United States.
U.S. Court Filings Target Investment Fund as Swiss Proceedings Loom
UEFA’s 56-page legal filing seeking discovery from New York investment fund Thrive Capital Management and FIFA’s Coral Gables offices aims to secure internal records concerning the aborted commercial transaction. Under the contested framework, Thrive Capital and founder Joshua Kushner were positioned as anchor investors paying $4.2 billion for a 20 percent stake in a FIFA subsidiary managing commercial events, including future World Cup tournaments. UEFA’s counsel outlined potential charges under Article 158 of the Swiss Criminal Code, characterizing the deal’s implied $20 billion enterprise valuation as an uncompetitive, fraudulently off-market figure promoted by Infantino for self-interest rather than the benefit of global football authorities.
This legal offensive follows Infantino’s August 1 decision to drop the privatization plan after swift opposition across the global sports sector, which prompted UEFA to issue a formal warning on August 3 demanding that FIFA preserve all documents related to the transaction.
