GoKawiilJosh Kushner's Thrive Capital defends role in FIFA's scrapped $20B commercial spinoff
Thrive Capital founder Josh Kushner issued a statement defending his firm's involvement as lead investor in FIFA's now-abandoned FIFA Forward Enterprise plan, which would have sold private investors a 20% stake in FIFA's commercial rights for $4.2 billion. The plan collapsed after European and North American member associations objected to outside private-equity influence, and FIFA scrapped the proposal before it could go to a vote. Kushner said he still believes the underlying concept was sound but would not have gotten involved had he anticipated the fallout.