Raskin Threatens FIFA Probe Over $20 Billion Spin-Off if Democrats Win House
Updated
Updated · The Guardian · Jul 30
Raskin Threatens FIFA Probe Over $20 Billion Spin-Off if Democrats Win House
3 articles · Updated · The Guardian · Jul 30
Summary
$20 billion in proposed FIFA commercial privatization has prompted Jamie Raskin to warn the body could face an early House Judiciary investigation if Democrats retake the chamber in November.
Raskin said a Democratic majority would let him subpoena testimony and documents from FIFA, JPMorgan and Kushner-linked investors over what he cast as Trump-family-connected corruption and pay-to-play dealings.
Joshua Kushner-linked Thrive Eternal is among prospective investors in the spin-off, while JPMorgan is leading fundraising for the standalone company FIFA wants to create from its commercial operations.
UEFA has already attacked the plan and voted Thursday to boycott the World Cup if FIFA proceeds, widening backlash beyond Washington.
The threat lands amid broader scrutiny of FIFA's Trump ties, including records requests over gifts, Justice Department contacts and operations tied to its Miami headquarters and Trump Tower office.