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Leo Barraclough
International Features Editor
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Courtesy of Getty Opposition is growing in the soccer world to a plan by the sport’s governing body, FIFA, to spin off its events, principally the World Cup, as a separate commercial entity and invite investors to take a stake in it.
The new company, FIFA Forward Enterprise, has been valued at about $20 billion. FIFA would seek to sell a roughly 20% stake in the entity. Among the potential investors is Thrive Eternal, led by Joshua Kushner, brother of Donald Trump’s son-in-law Jared, according to the Financial Times.
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