• bitcoinBitcoin(BTC)$64,764.000.20%
  • ethereumEthereum(ETH)$1,922.75-0.60%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$594.164.20%
  • usd-coinUSDC(USDC)$1.000.00%
  • rippleXRP(XRP)$1.090.00%
  • solanaSolana(SOL)$74.530.50%
  • tronTRON(TRX)$0.3288890.90%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.010.00%
  • whitebitWhiteBIT Coin(WBT)$56.500.00%
  • HyperliquidHyperliquid(HYPE)$55.34-0.60%
  • dogecoinDogecoin(DOGE)$0.070686-0.40%
  • USDSUSDS(USDS)$1.000.00%
  • RainRain(RAIN)$0.013347-1.70%
  • leo-tokenLEO Token(LEO)$9.780.00%
  • zcashZcash(ZEC)$473.01-0.10%
  • moneroMonero(XMR)$362.031.90%
  • cardanoCardano(ADA)$0.1727843.30%
  • chainlinkChainlink(LINK)$8.481.10%
  • stellarStellar(XLM)$0.172848-0.90%
  • CantonCanton(CC)$0.1210130.60%
  • daiDai(DAI)$1.000.00%
  • bitcoin-cashBitcoin Cash(BCH)$218.763.80%
  • USD1USD1(USD1)$1.000.00%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.420.60%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • litecoinLitecoin(LTC)$45.43-0.90%
  • Global DollarGlobal Dollar(USDG)$1.000.20%
  • Circle USYCCircle USYC(USYC)$1.13-0.10%
  • hedera-hashgraphHedera(HBAR)$0.068518-0.10%
  • suiSui(SUI)$0.700.90%
  • avalanche-2Avalanche(AVAX)$6.47-0.40%
  • uniswapUniswap(UNI)$4.409.80%
  • shiba-inuShiba Inu(SHIB)$0.000005-3.00%
  • paypal-usdPayPal USD(PYUSD)$1.000.00%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • crypto-com-chainCronos(CRO)$0.054911-0.40%
  • tether-goldTether Gold(XAUT)$4,099.150.70%
  • nearNEAR Protocol(NEAR)$1.694.00%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.140.20%
  • OndoOndo(ONDO)$0.4219623.50%
  • BittensorBittensor(TAO)$193.46-0.60%
  • pax-goldPAX Gold(PAXG)$4,101.920.70%
  • okbOKB(OKB)$85.720.90%
  • World Liberty FinancialWorld Liberty Financial(WLFI)$0.055107-0.80%
  • AsterAster(ASTER)$0.610.30%
  • HTX DAOHTX DAO(HTX)$0.0000021.20%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • usddUSDD(USDD)$1.000.00%
  • aaveAave(AAVE)$99.52-1.20%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

UEFA to boycott World Cup Over $20B Kushner-linked FIFA deal: sources

July 30, 2026
in Business
Reading Time: 5 mins read
A A
UEFA to boycott World Cup Over B Kushner-linked FIFA deal: sources
ShareShareShareShareShare

UEFA, European soccer’s 55-member governing body, is set to boycott the World Cup and all other FIFA-organized competitions in protest of a $20 billion Wall Street-style takeover of the global game, sources familiar with the matter told The Post.

YOU MAY ALSO LIKE

Meta shares tumble 9% in record losing streak while Microsoft, chip stocks jump on AI earnings

Key inflation gauge falls while economic growth slows – but the Fed could still raise rates

The boycott blueprint — set to be formally rubber-stamped Thursday during emergency talks hosted from Switzerland that start at 9am Eastern — would see European nations withdraw from “all FIFA competitions” organized by the Zurich-based nonprofit.

President Donald Trump and FIFA President Gianni Infantino celebrate Spain’s World Cup final win earlier this month. European soccer officials have fiercely criticized Infantino’s close alignment with the administration amid the proposed $20 billion takeover of the global game. USA TODAY Network via Reuters Connect

Livid over Trump-loving FIFA President Gianni Infantino’s aggressive moves to commercialize global soccer, Europe’s soccer bosses are “very confident” they will secure “a landslide majority” of “more than 50 countries” to vote against his plans, according to insiders.

One source said that “it could even be a clean sweep” despite the head of the Czech soccer association initially indicating he supported the privatization idea.

If UEFA pulls the trigger Thursday, it will plunge FIFA into the darkest crisis of its 122-year history.

A boycott means the 2030 World Cup goes on without global powerhouses like England, France, Spain, and Germany — nations that have won every World Cup but one since 2006.

Without the continent’s biggest stars and deepest television markets, the World Cup is effectively crippled, meaning Infantino’s multibillion-dollar pitch to Wall Street could be dead on arrival.

The boycott would includes the men’s and women’s World Cups, youth championships, and the expanded Club World Cup, a global playoff between the top franchises from each continent.

However, European teams would continue playing in regional tournaments completely controlled by UEFA, such as the money-spinning Champions League and the European Championship.

Infantino’s controversial scheme aims to bundle the World Cup’s massive broadcasting, ticketing, and sponsorship rights into a new private subsidiary dubbed FIFA Forward Enterprise.

“He’s struggling to keep it together,” said one source close to UEFA of Infantino. “The one thing that’s unifying about him is that everyone hates him. But he’s so deluded is that he doesn’t think that’s true.”

Josh Kushner (far right) is reported to be involved in the $20B takeover deal with his Thrive Eternal fund eyeing a 20% stake in the plan. Patrick McMullan via Getty Images

The move marks a stunning escalation in the sport’s global civil war amid anger over a multibillion-dollar deal set to line the pockets of a private equity group close to President Trump’s in-laws, the Kushner family.

Infantino’s private equity plan, in which US banking giant JPMorgan is reportedly playing an advisory role, still needs approval from FIFA’s 211 member nations, including the United States.

If passed, Thrive Eternal — an American venture capital firm founded by Joshua Kushner, brother of Trump son-in-law Jared Kushner — is expected to lead the investor group and snap up a 20% stake for just over $4.2 billion.

The Post has sought comment from UEFA, FIFA, Thrive Capital and JPMorgan.

Infantino has struck up a close relationship with the current commander-in-chief, even awarding him the inaugural FIFA Peace Prize after he failed to win the Nobel Peace Prize.

England and Real Madrid star Jude Bellingham contemplates defeat against Argentina. UEFA’s proposed boycott of all FIFA-sanctioned events would leave global powerhouses like France, England, and Germany out of the 2030 World Cup, gutting the tournament’s broadcast and commercial value. Getty Images

The boycott threat follows weeks of intense scrutiny over the relationship between the two men.

Earlier this month, Trump admitted he directly called Infantino to demand FIFA review a red card issued to American striker Folarin Balogun during the World Cup, a move that successfully overturned the player’s mandatory suspension.

To sweeten the deal, Infantino is dangling a massive payday. The former lawyer is promising to hike development payouts for smaller federations from $8 million to a whopping $20 million through 2030, branding the cash grab as the “democratization” of soccer.

U.S. Men’s National Team forward Folarin Balogun during international competition. President Donald Trump’s direct phone call to FIFA President Gianni Infantino to successfully overturn Balogun’s red card suspension drew fierce condemnation from European officials ahead of UEFA’s boycott vote. AP Photo/Ted S. Warren

But the backlash has spilled from the sports pages into the halls of government across Europe, with politicians furious over the blatant corporatization of a cultural institution.

“Let me say this very directly. Football does not belong to investors,” left-wing British Prime Minister Andy Burnham thundered on social media Wednesday. “The World Cup is not a product. It is the greatest competition in world sport, and it was never anyone’s to sell.”

EU Sports Commissioner Glen Micallef took a thinly veiled shot at American corporate sports culture, telling reporters: “This isn’t baseball. The FIFA World Cup remains the greatest sporting tournament on the planet. The relentless commercialization of football has become corrosive.”

Because FIFA operates as a massive business in Europe, it must obey the European Union’s strict anti-monopoly laws. Recent EU court rulings made it clear that sports organizations cannot use their power to act like illegal monopolies and break free-market rules.

European soccer bosses will agree the plan during an emergency video call hosted from the UEGA HQ in Switzerland that begins at 9am Eastern time (3PM CET). PA Images via Getty Images

Even the typically reserved English Football Association threw its weight behind the boycott, slamming FIFA’s “lack of process and governance.” Hans-Joachim Watzke, vice-president of Germany’s soccer association and the former CEO of German giants Borussia Dortmund, echoed the continent’s fury, calling the private equity play an “outright attack on football.”

Infantino has already caused consternation among some European supporters by defending “dynamic pricing” that left fans shut out of stadiums due to skyrocketing ticket costs.

And this is not the first time European nations have poured scorn on his bid to bring private money into the game.

In 2018, Infantino floated a massive $25 billion deal with a consortium including Japan’s SoftBank to launch a revamped Club World Cup and a new global Nations League, but the proposal was swiftly abandoned due to intense pushback from UEFA.

The next men’s FIFA World Cup, scheduled for 2030, will be primarily hosted by Spain, Portugal, and Morocco. To mark the centenary of the tournament, the opening three matches will be played in South America, hosted by Uruguay, Argentina, and Paraguay. The most recent World Cup took place in 2026, jointly hosted by the United States, Mexico, and Canada

Credit: Source link

ShareTweetSendSharePin

Related Posts

Meta shares tumble 9% in record losing streak while Microsoft, chip stocks jump on AI earnings
Business

Meta shares tumble 9% in record losing streak while Microsoft, chip stocks jump on AI earnings

July 30, 2026
Key inflation gauge falls while economic growth slows – but the Fed could still raise rates
Business

Key inflation gauge falls while economic growth slows – but the Fed could still raise rates

July 30, 2026
Astoria’s beloved Italian pastry shop La Guli closes for good
Business

Astoria’s beloved Italian pastry shop La Guli closes for good

July 30, 2026
Meta shares tumble 10% as Mark Zuckerberg’s AI spending spree stuns Wall Street
Business

Meta shares tumble 10% as Mark Zuckerberg’s AI spending spree stuns Wall Street

July 29, 2026
Next Post
Why All Companies Need a Knowledge Graph in the AI Era – Unite.AI

Why All Companies Need a Knowledge Graph in the AI Era – Unite.AI

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
FAIRChem v2 UMA for Multidomain Atomistic Simulation across Molecules, Catalysts, Materials, Vibrations, and Molecular Dynamics

FAIRChem v2 UMA for Multidomain Atomistic Simulation across Molecules, Catalysts, Materials, Vibrations, and Molecular Dynamics

July 26, 2026
Rev. Sharpton and family of Nolan Wells call for answers

Rev. Sharpton and family of Nolan Wells call for answers

July 29, 2026
ICE temporarily halts vehicle pursuits after two fatal shootings in Maine and Texas

ICE temporarily halts vehicle pursuits after two fatal shootings in Maine and Texas

July 25, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!