FIFA Drops $20bn Private Equity Plan After Widespread Opposition

·3 views

FIFA president Gianni Infantino has abandoned a plan to create a $20 billion company to manage the organisation's commercial operations, including the men's and women's World Cups and Club World Cups. The proposal would have offered private investors a 20% stake in the new entity. The intended anchor investor was a New York-based firm founded by Joshua Kushner, younger brother of Jared Kushner, who is son-in-law to US President Donald Trump. The plan was scrapped following significant global backlash from stakeholders across the football world.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

India's Baby and Elder Care Hygiene Market Eyes $20 Billion Opportunity

India's hygiene products sector is emerging as a major growth market, driven by two key demographic forces. The country records approximately 25 million births each year, sustaining strong and consistent demand for baby-care products. Simultaneously, India's rapidly aging population is generating rising demand for adult-care hygiene products. Together, these trends are positioning the hygiene segment as one of India's most significant consumer market opportunities, potentially reaching $20 billion in value.

0 comments Read more at NDTV

IndiaNDTV ·

Cloudburst Strikes Kishtwar's Chatroo Area, Damages Shops and Vehicles

A cloudburst hit the Chatroo area of Kishtwar district in Jammu and Kashmir, causing significant damage to local property. Several shops and vehicles were damaged as a result of the sudden extreme weather event. Authorities confirmed the incident but reported no casualties at the time of the update. The cloudburst added to ongoing weather-related concerns in the region.

0 comments Read more at NDTV

IndiaNDTV ·

Trump Administration Moves to Enforce English Rules for Mexican Rail Crews

The Trump administration is pushing to tighten English proficiency requirements for Mexican rail crew members operating in the United States. The move is part of a broader rail safety initiative aimed at ensuring workers can read and understand critical safety instructions and warnings. The effort mirrors existing Transportation Department rules that require truck drivers to demonstrate sufficient English comprehension to read road signs and warnings. The policy targets cross-border rail operations where language barriers could pose potential safety risks.

0 comments Read more at NDTV

IndiaNDTV ·

Landslides and Floods Hit Kerala's Kottayam, One Dead and One Missing

Heavy rainfall triggered landslides and widespread flooding in Kottayam district of Kerala, prompting authorities to issue a red alert. One person lost their life in a landslide, while another individual remains unaccounted for. Entire towns were submerged under floodwaters, and several roads were cut off, disrupting connectivity across the region. Hundreds of residents were evacuated and moved to safer locations as a precautionary measure.

0 comments Read more at NDTV