UEFA announced Thursday that the organization of 55 national associations “will not participate in FIFA competitions” going forward. The decision comes shortly after FIFA President Gianni Infantino threatened to cut funding from teams that don’t get behind his moneymaking scheme.
Last week, FIFA announced the creation of the FIFA Forward Enterprise, or FFE, which is expected to raise up to $4.2 million in the next year by “carefully selecting long-term investors who will purchase minority, non-controlling interests in FFE.”
“This model has no place in the world of football,” UEFA said in its statement. The group said it would continue to boycott so long as Infantino’s proposal “stayed alive.”
In addition, FIFA reportedly stated that once the approval was granted, the investor group would be led by Thrive Eternal, a venture capital firm run by Joshua Kushner, the brother of Trump’s son-in-law Jared who is under investigation for alleged corruption.
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