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JPMorgan Faces New Soccer Backlash as FIFA World Cup Rights Sale Plan Sparks Boycott Threats

JPMorgan Chase logoJPMorgan Chase
Sig4.86Sen-4.90Env0.00Soc-3.95Gov-5.60

In April 2021, JPMorgan apologized after helping misjudge the breakaway European Super League plan that collapsed within a week amid fan protests and government condemnation. Years later, JPMorgan is again tied to soccer turmoil: European nations threaten to boycott the World Cup and FIFA president Gianni Infantino faces calls to resign over a proposed $4.2 billion sale of about 20% of World Cup commercial rights, developed with venture capitalist Joshua Kushner.

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