Joshua Kushner regrets involvement in aborted Fifa World Cup investment plan

Venture capitalist Joshua Kushner has expressed regret for his role in a scrapped plan led by Fifa president Gianni Infantino to sell stakes in the World Cup. Kushner stated he failed to understand the political complexities of global football before agreeing to lead a $4.2 billion investment in a new commercial subsidiary. The proposal, known as the Fifa Forward Enterprise scheme, was abandoned in July after receiving significant backlash from member associations. Uefa is currently seeking subpoenas in New York for documents from Thrive Capital and advisor Greg Maffei as part of an investigation into the matter. While Kushner stated he remains behind the original motivations of the project to distribute capital to smaller nations, he confirmed he would not have participated had he anticipated the resulting conflict. Uefa is considering a formal criminal complaint against the Fifa leadership regarding the valuation and approval process of the deal.

• 6:39 PMYahoo Sports — Kushner states regret over World Cup sell-off plan
• 6:38 PMBBC Sport — Kushner states regret over World Cup sell-off plan