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Fifa has accused Uefa of waging a ‘misinformation campaign’ and trying to influence the race for its presidency
Fifa accuses Uefa of ‘harassment’ and ‘misinformation’ in push against Infantinoof waging a “misinformation campaign” and trying to influence the race for its presidency as world football’s governing body urged a US court to reject a discovery request linked to a controversial investment proposal.
Fifa said Uefa’s brief contained “numerous false or misleading statements about Fifa and Infantino”. Lawyers for Fifa argue in the document: “Uefa’s conduct demonstrates that its was made in bad faith and for the purpose of harassment. ” In a filing in the southern district of Florida, opposing Uefa’s motion for discovery, Fifa said: “With no basis whatsoever, Uefa suggests that Mr Infantino sought to profit personally from the FFE proposal.
“As explained, the FFE plan was subject to approval by both the Fifa member associations and Fifa council, and FFE would have been subject to oversight by both groups within Fifa. Uefa’s suggestions that Mr Infantino violated any law or ethical principle are categorically without merit.
”The European governing body alleged Infantino developed the proposal in secret with a small group of advisers and investors, bypassing Fifa’s normal governance processes and failing to consult Fifa’s council, regional confederations or member associations. The filing asked a US court to authorise discovery from Fifa Inc and FWC2026 US Inc, two Florida-based Fifa entities. Uefa said in the legal filing that investors would have paid $4.2bn for a stake in FFE, valuing the business at about $20bn.
It added that the valuation“Uefa, whether deliberately or through ignorance, conflates equity value with enterprise value,” Fifa said.
“It is undisputed that FFE’s ‘initial equity valuation’ – meaning ‘the value that remains for the shareholders after any debts have been paid off’ – was $20bn. “Materials distributed to Fifa’s member associations reveal that FFE’s total ‘enterprise value’ on the other hand – meaning the ’entire value of the business’ – was well over $30bn … Indeed, FFE’s enterprise value was well in excess of twice the equity value, and therefore far above the value Uefa says would be fair.
“ The FFE project was abandoned in July after opposition from confederations, including Uefa, Concacaf – the North and Central American and Caribbean confederation – and the Asian Football Confederation, over a lack of consultation, with the dispute fuelling demands for changes to Fifa’s governance.of the governing body’s decision-making processes. He is up for re-election in March, with Fifa alleging that Uefa’s legal filings were an attempt to influence that election.
“Just before Fifa’s election, Uefa filed this 1782 Application spreading misinformation regarding Mr Infantino,” Fifa said. “This court should reject any attempt to influence Fifa’s presidential election based on these grounds. ”
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