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How FIFA Tried (and Failed) to Sell the Soul of Football

Pablo Torre Finds Out

Hosted by Pablo Torre

40m
Transcript

Original podcast

Summary

Written by a model from the transcript; not yet reviewed.

This episode examines FIFA president Gianni Infantino's failed plan to spin off the organization's commercial operations into a private equity venture backed by Joshua Kushner's Thrive Capital. The discussion details how Infantino kept the negotiations secret, leading to widespread outrage from European and regional confederations, threats of boycotts, and the ultimate abandonment of the proposal after high-level resignations. The guest and host analyze the intersections of political power, sports governance, and American private equity influence in world football.

  • Before entering high-stakes business deals, ensure key stakeholders are properly consulted to avoid losing control of your messaging and facing a coordinated backlash. 10:35
  • When large institutional investors repeatedly misjudge cultural and fan reactions in sports, it often stems from a fundamental political and cultural naivety. 24:02
  • In organizational politics where every member holds an equal vote, losing the confidence of your allies quickly turns you into a political lame duck. 23:05

Chapters

  1. 0:00
    Podcast Intro and Host Greeting

    The host welcomes listeners and introduces the episode’s theme.

  2. 3:05
    Infantino’s Plan to Sell FIFA Stake

    Explanation of the proposed FIFA Forward Enterprise and private investment scheme.

  3. 17:10
    Stakeholder Reactions and UEFA Boycott Threat

    UEFA and other federations react, threatening a boycott over the sale plan.

  4. 33:27
    Infantino’s U‑Turn and Plan Withdrawal

    Infantino scrubs the sale plan after backlash and internal resignations.

  5. 36:38
    Political Fallout and Future of World Cup Expansion

    Debate over potential 64‑team expansion and Infantino’s political leverage.

  6. 43:34
    Concluding Reflections on FIFA’s Governance

    Host reflects on FIFA’s corruption history and the broader implications.

Highlights

  • 4:32

    Revenue Projections Soardata

    FIFA ended the tournament celebrating a huge financial success, upscaling its revenue projection from 11 or 13 billion dollars up to 15 billion dollars.

  • 4:55

    The Private Equity Proposalstrategy

    Infantino gave football associations a deadline to back a plan to sell off part of FIFA to private investors, creating a subsidiary called FIFA Forward Enterprise.

  • 7:59

    The Kushner Connectioninsight

    The main investing firm for the proposed commercial venture was headed by Joshua Kushner, the younger brother of President Trump's son-in-law Jared Kushner.

  • 17:10

    The Total European Boycottstrategy

    UEFA threatened a total European boycott of the World Cup and all FIFA competitions unless the private ownership proposal was abandoned in its entirety.

  • 31:08

    Senior Advisor Resignsstory

    Gianni Infantino suffered a major blow when his senior advisor, Carlos Cordero, resigned with immediate effect in protest of the private equity proposals.

  • 33:28

    The Embarrassing U-Turndata

    Gianni Infantino made an embarrassing U-turn, scrapping his controversial plan to sell off stakes in FIFA competitions following intense global criticism.

Quotes

  • “FIFA are not in distress. And FIFA are not short of cash. So if you've just made $15 billion in cash revenue from a tournament and you have billions in reserves, why do you need to give away a stake?”
    Unnamed speaker · 5:47
  • “The main investing firm would be one headed by Joshua Kushner, the younger brother of President Trump's son-in-law, Jared Kushner.”
    Unnamed speaker · 7:50
  • “If you want to spend the money on that, you go to the FIFA Council, you talk to everyone who has a vote, you say, we've got this money that we've made by exploiting fans in the United States.”
    Unnamed speaker · 10:21
  • “FIFA is not a private equity fund. It is an association with statutes, regulations, and a fiduciary responsibility to protect the global game. If you sell football's crown jewels to private investors, you also sell part of the game, especially its soul.”
    Pablo Torre · 30:00
  • “The idea that, look, there's a philosophical argument that people will go to the barricades for and revolt over.”
    Pablo Torre · 15:01
  • OnDeck 0:17–0:36
  • Discover 0:47–1:08
  • Dell 1:13–2:04
  • Apple Card 25:34–25:58
  • Humana 26:31–27:49
  • Onnit 41:12–42:26
  • Metro 8G Mobile 47:16–47:34

About this episode

The World Cup was a $15 billion jackpot. Then FIFA president Gianni Infantino overplayed his hand, with a secret plot to allegedly enrich the extended Trump family — and himself. The Athletic's Adam Crafton explains the NFL-inspired motives, political naïveté and potential downfall of the man who would be king of sport. • More from The Athletic: Inside the Week That Shook Gianni Infantino, FIFA and the Football World https://www.nytimes.com/athletic/7485172/2026/08/02/fifa-world-cup-stake-sale-inside/ • Previously on PTFO: America Signed Up for the World Cup. FIFA Stuck You with the Tab. https://pod.link/1685093486/episode/NmEyYTA2YmFiYzM2ZTVjYzAxNDYzMDYx • Subscribe to "The Athletic FC Podcast" with Adam Crafton https://pod.link/1488521447 • Subscribe to The Athletic https://theathletic.onelink.me/eNRy/ptfo Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.

Transcript

0:00
40:56

7,377 words · 8 speakers

Speaker names marked are inferred from speaking time and the show’s known hosts — they are not voice-verified.

Topics

  • FIFA
  • UEFA
  • Qatar
  • CONCACAF
  • Clifford Chance
  • Thrive Capital
  • Saudi Arabia
  • Safford Volkswagen
  • CONMEBOL
  • Oscar Health

Page updated · transcript and summary are machine-generated