"FIFA" loses lawsuit in New York against "UEFA" over bringing investors to the World Cup
A Manhattan court rejected requests by entities affiliated with FIFA to prevent UEFA from obtaining documents related to a $4.2 billion investment plan, which sparked a crisis for FIFA President Gianni Infantino and opened the door to moves to oust him.
A Manhattan court on Thursday rejected requests by entities affiliated with the International Football Federation 'FIFA' to prevent the European Union 'UEFA' from obtaining documents related to a $4.2 billion investment plan. The plan, which sparked a crisis for FIFA President Gianni Infantino, opened the door to moves to oust him. UEFA had filed court documents last August as part of a broader strategy aimed at ousting Infantino, including the possibility of filing a criminal complaint against him personally in Switzerland on charges of financial mismanagement. UEFA's lawyers are seeking to uncover evidence held by the investment firm 'Thrive' in New York, owned by Joshua Kushner, and 'JPMorgan Chase', FIFA's financial advisor on the unsuccessful project. Judge Janet Vargas clarified that FIFA's entities 'do not have a direct, substantial, or legally protected interest' in these proceedings.
"FIFA" loses lawsuit in New York against "UEFA" over bringing investors to the World Cup