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US Department of Justice Will Compensate FIFA with $201 Million

US Department of Justice Will Compensate FIFA with $201 Million

FIFA has just received restitution for the losses they incurred as a result of football corruption schemes by former employees. Indeed, the US Department of Justice will compensate FIFA with $201 million to rectify losses from some of its ex-officials.

The Department of Justice of the United States has awarded FIFA $201 million in restitution for former officials’ criminal activities.

After all, the US Department of Justice organized a raid on FIFA, the whole world football’s governing body, in 2015.

Back then, FIFA’s eighth president, Sepp Blatter, was one of the officials that the Department of Justice investigated and charged, with the number going over 40.

US Department of Justice Will Compensate FIFA with $201 Million

Now, on Tuesday, FIFA confirmed that the Department of Justice had awarded the FIFA Foundation a $201 million compensation package.

This sum, seized from the bank accounts of the officials charged, covers FIFA, CONCACAF, and CONMEBOL’s losses.

They are receiving this compensation because they all have been “victims of decades of football corruption schemes.”

FIFA confirmed that they, at least, will direct the funds to the newly established World Football Remission Fund.

This fund will thereafter aid FIFA in the sponsoring of football-related projects.

“I am delighted to see that money which was illegally siphoned out of football is now coming back to be used for its proper purposes, as it should have been in the first place,” said FIFA’s current president Gianni Infantino in a statement.

“I want to sincerely thank the US Justice authorities for their efforts in this respect, for their fast and effective approach in bringing these matters to a conclusion, and also for their trust in general. The truth is that thanks to their intervention back in 2015, we have been able to fundamentally change FIFA from a toxic organization at the time, to a highly esteemed and trusted global sports governing body.

“Thankfully, we are well past that unfortunate period in history now and it’s great to see significant funding being put at the disposal of the FIFA Foundation, which can positively impact so many people across the football world, especially through youth and community programmes.”

FIFA, CONMEBOL, and the World Leagues Forum

In a separate statement of their own, CONMEBOL confirmed that they would also receive compensation as part of the package.

The South American federation will receive $71 million in reparition.

CONMEBOL said they will use these funds for youth camps, education, refereeing and coaching courses, community outreach, and women’s football.

Curiously, FIFA and CONMEBOL have featured in news of football todayregarding a matter unrelated to this one. England’s Premier League and Spain’s La Liga have both criticized, rejected, a FIFA decision regarding players’ travel to CONMEBOL countries.

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