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Infantino Cancels $20B Subsidiary Stake Sale After Boycott Threat

8/1/2026

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Summary

Story summary

Gianni Infantino, FIFA president, scrapped the plan to sell a 20% stake in a $20 billion subsidiary after backlash and a threatened European boycott.
The anchor investor was a New York firm founded by Joshua Kushner, brother of Jared Kushner.
Presidential adviser Carlos Cordeiro quit, saying he could not stand the stake sale.
FIFA COO Kevin Lamour said staff felt deceived by Infantino’s lack of openness and would accept dismissal.

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Story summary

Gianni Infantino, FIFA president, scrapped the plan to sell a 20% stake in a $20 billion subsidiary after backlash and a threatened European boycott.
The anchor investor was a New York firm founded by Joshua Kushner, brother of Jared Kushner.
Presidential adviser Carlos Cordeiro quit, saying he could not stand the stake sale.
FIFA COO Kevin Lamour said staff felt deceived by Infantino’s lack of openness and would accept dismissal.