World football governing body FIFA is in crisis after seven of its official members were arrested in connection to issues of money laundering, racketeering, and other criminal offences. Among these officials is the then FIFA vice president Jeffrey Webb.
The investigation is being done by two law firms Quinn Emanuel Urquhart and Sulivan. The officials are accused of receiving bribes to more than $150 million and kickbacks for media and marketing rights.
Sepp Blatter Resignation
In the midst of this problem the Swiss police have launched a separate criminal investigation on the awarding of the 2018 and 2022 world cup tournaments to Russia and the tiny but very rich Qatar respectively. The FIFA president Sepp Blatter is set to resign on February next year but is adamant that he is clean. FIFA has decided not to release the internal report from the investigation but instead vindicate the bidding process.
Now the most watched sporting event in the world is facing doubts from corporate sponsors. The investigations have made them question the process of allocating tournaments and even electing its administrative bodies.
Over $10 given out as Bribe
As reported by The Telegraph, FIFA officials received a $10million as a bribe to secure the 2010 world cup in South Africa. In an email that was accessed by a South African newspaper shows the then South African president Thambo Mbeki and Sepp Blatter agreed to the deal.