FIFA Faces US Congress Inquiry Over Trump Ties and $20B Deal 2026

Daniel Harrolds
FIFA Faces US Congress Inquiry Over Trump Ties and $20B Deal
This page may contain affiliate links.

FIFA could face a sweeping US congressional investigation into its expanding financial and political ties to Donald Trump and his family, as top Democrat Jamie Raskin warns of a 'smash-and-grab scam of colossal proportions.' The proposed $20 billion privatization of FIFA's commercial operations has triggered scrutiny, with potential investors linked to the Kushner family. This article explores the controversy, the implications for global football, and what it means for governance and investors.

FIFA's Proposed Privatization and the Kushner Connection

FIFA president Gianni Infantino is pursuing a spin-off of the organization's commercial business into a standalone company, reportedly valued at about $20 billion. JPMorgan Chase is leading the fundraising effort, with Thrive Eternal, an investment vehicle linked to Joshua Kushner, among prospective investors. Joshua Kushner is the brother of Jared Kushner, Trump's son-in-law and former White House adviser.


Furniture with Meaning.

Find Original, High-end Home Decor that spark conversation at Grand Goldman Shop.


This proposal has sparked immediate backlash across world football. Uefa, the European football governing body, has warned that 'none of us are the owners of football' and voted to boycott the World Cup if FIFA presses ahead. The controversy adds to a series of scandals surrounding FIFA's relationship with the Trump administration.

ADVERTISEMENT

Key Concerns Raised by Democrats

Jamie Raskin, the top Democrat on the House judiciary committee, would become committee chair if Democrats reclaim the House in November. He has vowed to make FIFA an early target of scrutiny, accusing the organization of embedding itself in a pattern of corruption surrounding Trump's second administration and the Kushner family.

Raskin stated: 'Over the last few weeks, FIFA's cozy relationship to Donald Trump has been floating to the top of the swamp of quid pro quo corruption in which the Trump Administration is swimming. But now we see where all the bribes, kickbacks and sweetheart deals have been leading.'

Potential Impact on Global Football and Governance

If FIFA proceeds with the privatization, it could fundamentally alter the governance of world football. Critics argue that a for-profit entity would prioritize shareholder returns over the sport's integrity. The proposed structure raises questions about transparency, accountability, and the influence of political connections.

Uefa's threat to boycott the World Cup highlights the deep divisions within the football community. Such a boycott would be unprecedented and could lead to a fragmentation of international competitions.

ADVERTISEMENT

Comparison: FIFA's Current Model vs. Proposed Privatization

Aspect Current Model Proposed Privatization
Ownership Non-profit, member associations For-profit, private investors
Revenue Distribution Reinvested in football development Shareholder dividends
Transparency Some oversight by member associations Potential for less public accountability
Political Influence Limited, but existing ties Increased risk of political interference

Key Takeaways

  • FIFA's $20B privatization plan faces congressional scrutiny over ties to Trump and Kushner.
  • Democrats, if they win the House, could launch a formal investigation.
  • Uefa has threatened to boycott the World Cup if FIFA proceeds.
  • The deal raises serious governance and transparency concerns for global football.
  • Investors may face reputational risks due to political entanglements.

FAQ

What is the FIFA privatization plan?

What is the FIFA privatization plan?
FIFA plans to spin off its commercial operations into a standalone company valued at about $20 billion, with JPMorgan Chase leading fundraising and Thrive Eternal, linked to Joshua Kushner, among investors.

Why is the US Congress investigating FIFA?

Why is the US Congress investigating FIFA?
Top Democrat Jamie Raskin accuses FIFA of a 'smash-and-grab scam' and wants to investigate its financial and political ties to Donald Trump and the Kushner family, citing potential corruption.

What could happen if FIFA proceeds with privatization?

What could happen if FIFA proceeds with privatization?
Uefa has threatened to boycott the World Cup, and a congressional inquiry could lead to sanctions, legal challenges, and a loss of trust in FIFA's governance.

ADVERTISEMENT
Daniel Harrolds

Author

Daniel Harrolds

With a career spanning four decades, Daniel is almost a library in the field of precious metals investing and Gold IRAs. His insightful strategies and pragmatic results-oriented approach make him a resource in safeguarding wealth, and financial foresight.


SPONSORED

Get Lifetime Access to the Lastest Movies, with Exclusive Offers & Free Express Order Delivery.

The best paddle surf board isn't at Decathlon: it's this one with thousands of accessories and outlet pricing - Grand Goldman

The best paddle surf board isn't at Decathlon: it's this one with thousands of accessories and outlet pricing - Grand Goldman

Even if you keep up a great workout routine all year round, when vacation time comes, we usually tend to slack off and put training aside. A good w...

Read
This is the best time to get cheap, good running shoes: here's why - Grand Goldman

This is the best time to get cheap, good running shoes: here's why - Grand Goldman

Running is an accessible sport and we only need a little time and a good pair of running shoes to get going, which we can find right now at a good ...

Read
Sports sunglasses: which is the best to buy? Tips and recommendations - Grand Goldman

Sports sunglasses: which is the best to buy? Tips and recommendations - Grand Goldman

The sun gives us energy that is vital for our system, but it can also harm us, which is why protection is vital. As Paracelsus said: the dose makes...

Read
The best folding stationary bikes: which one to buy? Tips and recommendations - Grand Goldman

The best folding stationary bikes: which one to buy? Tips and recommendations - Grand Goldman

When looking for a way to stay in shape from the comfort of our own home, few options are better than getting an exercise bike or a recumbent bike ...

Read
Pull-up bar: which one is best to buy? Tips and recommendations - Grand Goldman

Pull-up bar: which one is best to buy? Tips and recommendations - Grand Goldman

Pull-ups are undoubtedly one of the best exercises you can do to train your back and core muscles. Choosing a pull-up bar is not simple, as there a...

Read
Sports headphones: which is the best to buy? Tips and recommendations - Grand Goldman

Sports headphones: which is the best to buy? Tips and recommendations - Grand Goldman

There are times when exercising can get a bit boring and tedious; not every day we are and we need an external stimulus to encourage us to train. ...

Read
Sports Sunglasses: Which Is Best to Buy? Tips and Recommendations - Grand Goldman

Sports Sunglasses: Which Is Best to Buy? Tips and Recommendations - Grand Goldman

The sun provides us with energy that is vital for our system, but at the same time, it can be harmful. As Paracelsus said: the dose makes the poiso...

Read
These are the best thermal bottles to stay hydrated during this heat wave while we train in summer - Grand Goldman

These are the best thermal bottles to stay hydrated during this heat wave while we train in summer - Grand Goldman

We are experiencing one of the toughest weeks of summer, with places in the country reaching nearly 45º, making going outside dangerous, and even m...

Read
Adidas Salomon Reebok: the best deals on running and training shoes on Amazon Prime Day - Grand Goldman

Adidas Salomon Reebok: the best deals on running and training shoes on Amazon Prime Day - Grand Goldman

Finally, the Prime Day 2023 has begun, where we can find great deals on the Amazon website between July 11 and 12. We are sure that sports enthusia...

Read
Adidas, Puma, Reebok: the best deals on running and training shoes on Amazon Prime Day - Grand Goldman

Adidas, Puma, Reebok: the best deals on running and training shoes on Amazon Prime Day - Grand Goldman

Finally, Prime Day 2023 has begun, where we can find great deals on the Amazon website between July 11 and 12. Sports enthusiasts are sure to want ...

Read

ADVERTISEMENT




SPONSORED