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fifa announced a plan to spin the world cup into a 20 billion dollar subsidiary and sell up to 21% to private investors — the preferred group led by a vehicle founded by joshua kushner, brother of the us president's son-in-law — announced less than two weeks after the 48-team tournament ended, while global attention was still dissipating. fifa's president then set a september 19 deadline for all 211 member federations to accept one-off 20 million dollar payments to back the plan, which reads as purchased consent on a clock. uefa and the asian and north american confederations, blindsided, condemned it within 24 hours.
international sports governance reporting