Counting the cost of corruption
It's worth reminding ourselves why FIFA is holding this extraordinary congress that will usher in a new President and, potentially, a wide ranging set of reforms.
The problems have been ongoing for years, but they reached crisis point last May when FIFA executives were arrested at Zurich’s Baur au Lac Hotel. The Swiss police raid was repeated later in the year.
FIFA delegates were relieved not to see flashing blue lights when they woke up in Zurich this morning, but they know that the United States and Swiss criminal probes are gathering steam.
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What’s the score in the long-running FIFA saga?
In the meantime, FIFA is also experiencing some financial problems. It had hoped to raise $5 billion in revenues between 2015 and 2018. However, delegates have been told today that there is already a $550 million shortfall in this target.
The organisation will have to slash expenses, but will still post a loss this year, the congress has been told.
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