By Steve Holland and Bo Erickson
CAMP DAVID, MARYLAND, July 31 (Reuters) – U.S. President Donald Trump on Friday told reporters at Camp David that he did not speak with FIFA President Gianni Infantino about the world soccer governing body offering stakes to external investors.
Read more Ransom Notes Tied to Nancy Guthrie Kidnapping Released Six Months Into Unsolved Case
FIFA said on Tuesday it plans to create a $20 billion subsidiary to run the World Cup and its other events and will offer stakes of up to 20% in it to external investors.
Trump and Infantino have a close relationship after the FIFA World Cup in the United States this summer.
Read more Trump Looks to Monetize His Market-Moving Social Media Posts – But Critics Cry Foul
A vehicle founded by Joshua Kushner, the brother of Jared Kushner, U.S. President Donald Trump’s son-in-law, is expected to lead the proposed investor group, FIFA said.
(Reporting by Steve Holland at Camp David, Bo Erickson in Washington; Editing by Caitlin Webber)
Read more Apple Set to Lose Nearly $500 Billion in Value After Weak Forecast
Copyright 2026 Thomson Reuters.
