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seems to sum up the failed scheme nicely
"In truth, it was a vehicle for Infantino and that small circle to acquire a permanent stake in and otherwise profit from Fifa's most valuable assets to the detriment of Fifa, its members, and other parties within the football family," Uefa's application says.
Nicely indeed
Further commentary
The application adds: "Under the terms Infantino announced, those investors stood to acquire a permanent financial interest in Fifa's commercial arm for $4.2bn, implying an absurdly low enterprise value of only approximately $20bn, a figure that was neither the product of an open, competitive auction, nor tested by any independent valuer."I reck GI & his inner circle of FIFA cronies were working on the principle that
selling stealing just 20% would slip below the radar & get the approval / vote from however many member countries needed to pass it
Votes being harvested by offering bribes £20-30m which is big money to some of the smaller football nations e.g. Cape Verde
GI & his mates knowing that those in charge of football in the various countries would be siphoning off as much as possible for personal benefit
FIFA have strong support from Africa which everyone knows has corruption embedded there
£20-30m to the English FA is a drop in the ocean, they get £10m+ everytime there's a match @ Wembley
What GI & the new 20% owners then do is let the dust settle & then sell on at / towards the true market value
You could turn £4bn into 5x that or whatever the multiple is
You can guarantee that GI will have a personal stake even if only 5% this is £200m [on £4bn]
1% is £40m
Multiply £40m - £200m by 5 & the figures are eye watering
The documentation put together on the
sale theft will detail the arrangements which is why UEFA want to see this
"Uefa and other interested parties are preparing to bring criminal claims in Switzerland against Infantino and possibly other Fifa officials and advisors for criminal mismanagement," the application states"
This a clever approach
Pick someone / some people lower down the food chain & give them a couple of options: 1/ prosecution or 2/ they give evidence blow the whistle as a plea bargain
Me thinks when those involved heard of UEFA proceedings this will have induced an enormous shit
*
* edit - like when a UKPer thinks he's been caught out by his OH indulging on our fave sport a blood draining feeling
