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FIFA Officials Arrested In Massive Corruption Scheme Tied To World Cup, Other Tournaments

FIFA Officials Arrested In Massive Corruption Scheme Tied To World Cup, Other Tournaments

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Updated May 27, 2015

FIFA Officials Arrested have been charged with racketeering, wire fraud, money laundering conspiracies, and other offenses, in a wide-ranging corruption scheme. The defendants include two current FIFA Vice Presidents as well as the current and former Presidents of the Confederation of North, Central American and Caribbean Association Football (CONCACAF).

FIFA has as its primary goal “to improve the game of football constantly and promote it globally in the light of its unifying, educational, cultural and humanitarian values, particularly through youth and development programmes.” A truly international organization, it’s been referred to as the “United Nations of Football.” Today, it employs about 310 people from over 35 nations and consists of 209 member associations. That’s a huge leap from its humble beginnings in 1904 when it served just seven member associations (France, Belgium, Denmark, Netherlands, Spain, Sweden, and Switzerland).

That sort of popularity means that the media and marketing rights associated with soccer events and tournaments are incredibly lucrative. When those rights are sold to sports marketing companies, often through multi-year contracts covering multiple editions of the tournaments, the revenue generated can be quite substantial: according to FIFA,70% of its $5.7 billion in total revenues between 2011 and 2014 was attributable to the sale of TV and marketing rights to the 2014 World Cup. FIFA, of course, owns the rights to the World Cup

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