What is Fifa up to now?

A week after the World Cup finished, Fifa has yet to announce whether Argentina will be punished for the violence seen on the pitch at the end of the final. What it has been able to do, however, is devise an entirely new way of running international football, which, in the words of its president, Gianni Infantino, “is about the democratisation of football worldwide”. It is also an idea to allow private investors to take a stake in Fifa’s competitions and potentially make money from the World Cup.

After reporting in the Times and the Financial Times broke the news on Tuesday afternoon, Fifa published a lengthy statement extolling the new venture. To be known as Fifa Forward Enterprise, or FFE, the new body would sell all of Fifa’s commercial rights, across broadcast, sponsorship, ticketing and licensing, and also take charge of “operational delivery” of Fifa tournaments. It would focus all Fifa’s money-making endeavours in one place and the governing body would “retain sole control of FFE”, but it would also “invite third parties to make minority, non-controlling investments”. These investors “would be selected against clear long-term, governance, and strategic criteria”.

Only a small “non-controlling” bit of it would be sold. Fifa confirmed to the Times that the proposed lead investor to take a stake in FFE would be Joshua Kushner, the brother of Donald Trump’s son-in-law Jared. As Infantino pointed out on his 15-slide Instagram post on Monday, Fifa has been “on the front lines organising, working hard, and delivering the best show in the world”.

Sources have told the Guardian that the FFE plans would not allow investors to take dividends from the scheme, though the investors could later sell their stake. The governing body’s messaging is focused on the financial benefits the scheme would bring to its member associations. Fifa has promised that any external investment would deliver an “optional” $20m in extra funding to any nation that wants it. It has also promised an increase in annual disbursements and predicted a total of $10bn in extra funding would eventually be shared around. Fifa has said that a majority of its 211 members must express an interest in taking the extra funding if the external investment is to be allowed. Many nations are already dependent on Fifa in order to run their operations, however, and this year Infantino said that without the governing body “there would be no football in 150 countries in the world”.

Infantino announced a deal with the Japanese investment management firm Softbank to fund the development of the Club World Cup in 2018 until a backlash brought it down. Reports in the Times suggested that Infantino could become chief executive of the FFE once he leaves Fifa. He is poised to win an unprecedented fourth term next year, which would extend his stay until 2031. Fifa also insists that joint ventures are par for the course. Uefa has one such with the group known as European Football Clubs to sell the commercial rights to its competitions. Fifa said: “Many major sporting organisations have restructured their commercial operations in similar ways in recent years in pursuit of the same long-term goal – sustainable growth that can be reinvested in the sport itself.”