Sepp Blatter And Other Former FIFA Officials Paid Themselves $80m
The central question surrounding the FIFA corruption scandal was less “is there corruption” and more “how bad is it.” That scope has started to come into view.
Lawyers contracted to FIFA released new details on the financial impact of the corrupt practices of several former officials, including former president Sepp Blatter. According to the lawyers, Blatter, along with former secretary-general Jérôme Valcke and former director of finance Markus Kattner, paid themselves nearly $80 million in raises and bonuses over the past five years.
Bill Burck, an attorney at Chicago-based law firm Quinn Emanuel, who have worked on retainer for FIFA since the scandal blew up, says the figures are pretty damning. “The evidence appears to reveal a coordinated effort by three former top officials of Fifa to enrich themselves through annual salary increases, World Cup bonuses and other incentives totalling more than 79m Swiss francs in just the last five years.”
The figures come after FIFA turned over a mountain of financial documents to their lawyers as part of the ongoing corruption and bribery probe. These documents, among others, will be handed over US and Swiss authorities to aid in the investigation.
The new disclosure also breaks down how much each disgraced former official paid themselves over this period. Sepp Blatter alone was shown to have pocketed over $38 million.
To put that in perspective:
Prize cash at 7 women’s World Cups since 1991 to all teams, combined, all-time: $27m