The US Department of Justice has awarded $201 million to the FIFA Foundation in compensation for losses incurred by FIFA, Concacaf and CONMEBOL as victims of decades of football corruption schemes. These funds were confiscated from the bank accounts of former officials involved, and then prosecuted for years for corruption schemes in football. The money will go to the new Global Football Forgiveness Fund, which was set up under the auspices of the FIFA Foundation to help fund football-related projects that have a positive impact on society around the world.
“I am pleased to see the money illegally stolen from football is being used for its purposes, as it should have been in the first place,” FIFA President Gianni Infantino said. I would like to sincerely thank the US judicial authorities for their efforts in this regard, for their prompt and effective approach to ending these matters, as well as for their confidence in general. The truth is that thanks to their intervention in 2015, we were able to fundamentally change FIFA from a toxic organization at the time, to a highly respected and trusted global sports governing body. Fortunately, we are past that unfortunate period in history, and it is good to see significant funding available for the FIFA Foundation.
The FIFA President added: “Since 2016, FIFA and the US Department of Justice have worked closely together and I believe this decision also recognizes the significant progress we have made in terms of good governance and transparency, which have been discussed and presented by FIFA. The officials and I during meetings with the authorities. They know Today it is with the FIFA Foundation that this money is in good hands and will serve its intended purpose.”
“On behalf of all future beneficiaries around the world, I would like to thank the US authorities for their confidence in FIFA and we will ensure that this money is used properly and delivers tangible benefits to the people who really need it,” concluded the President. from FIFA.
The Global Football Forgiveness Fund will be managed under the auspices of the FIFA Foundation, an independent organization that aims to promote positive social change around the world through football. The fund aims to focus specifically on youth and community programmes, and will have earmarked funds for projects within CONCACAF and CONMEBOL, where they have suffered significantly from criminal activities. In addition, all projects will undergo rigorous audits, audits and compliance audits to ensure complete transparency and accountability.
Article by Sportpress24.com Editorial Board
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