FIFA corruption scandal continues: US files charges against 16 more officials
The FIFA Corruption scandal has taken a big turn recently, with US charging 16 officials with various charges of corruption. The scandal which was supposed to be localised to the FIFA body is now becoming a geopolitical disaster for FIFA and its President Sepp Blatter.
Here is more information on the ongoing fresh arrests as US Department of Justice issued more arrest warrants against officials regarding the FIFA Corruption Scandal.
1 What is FIFA?
The Federation Internationale de Football Association (FIFA) is the premier organization that governs the sport of football all over the world. The organization was founded in 1904 and was to oversee the football competitions between the nations of Belgium, Denmark, France, Germany, Netherlands, Spain, Switzerland and Sweden.
It is responsible for organization of all the tournaments involving international teams, promote that organization and raise funds for smooth operation of the sport of football all over the world. In 2013, FIFA reported revenues of over $1.3 bn with net profit of $72 mn.