MORE SHADY DEALS

Soccer 360 - - Bundesliga -

Doc­u­ments ob­tained by the Ger­man press has re­vealed some shady in­for­ma­tion about cur­rent FIFA Pres­i­dent Gianni In­fantino’s on­go­ing push for the ap­proval of two new com­pe­ti­tions to be con­trolled by a mys­tery con­sor­tium in re­turn for $25 bil­lion. The doc­u­ments re­veal the scope of In­fantino’s plan and the iden­tity of the con­sor­tium be­hind the bid for the rights of the two com­pe­ti­tions, Club World Cup and a pro­posed World League for na­tional teams. In­fantino has also pro­posed sell­ing con­trol of al­most all of FIFA’s rights, in­clud­ing the World Cup it­self, FIFA would main­tain 51% own­er­ship. The con­sor­tium is led by a Bri­tish ad­vi­sory firm and London-based in­vest­ment com­pany, both with close ties to Saudi Ara­bian in­vestors. FIFA’s own le­gal coun­sel con­ducted an in­ter­nal re­view of the plans and cited numer­ous le­gal prob­lems and urged In­fantino to limit the pro­posal to the Club World Cup and World League. They were sub­se­quently fired.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.