UEFA warns FIFA of possible legal action over dropped World Cup investment plan

UEFA has warned FIFA that it may pursue legal action after FIFA abandoned a proposal to sell a share of future World Cup profits to private investors. The plan, led by FIFA president Gianni Infantino, was intended to raise about $4.2 billion from investors, including a New York firm tied to Joshua Kushner. It was withdrawn after intense criticism from European and other soccer officials. In a letter seen by The Associated Press, UEFA's lawyers said the group is considering arbitration and regulatory complaints related to the proposal. The letter also told several FIFA executives, including Infantino, to preserve documents and messages that could be used as evidence. The dispute comes as UEFA looks for an alternative candidate to challenge Infantino in the next FIFA presidential election, scheduled for March.