Fifa: foul play clean up kicks off

The governing body of the world's most popular sport, Fifa, was rocked by criminal charges on both sides of the Atlantic this week. US authorities announced that nine football officials and five sports media executives faced corruption charges involving over $150m of bribes. One of the 14 people indicted by the US Department of Justice included Fifa Vice President Jeffrey Webb.

Six people have already pleaded guilty. The Swiss President of Fifa, Sepp Blatter, has not been arrested. In what appeared to be a separate investigation, Swiss authorities raided Fifa's Zurich headquarters and opened criminal proceedings against unnamed parties on suspicion of irregularities in the allocation of the 2018 and 2022 World Cups (which went to Russia and Qatar respectively).

What the commentators said

A key player in this is Chuck Blazer, a former Fifa official turned FBI informant over unpaid tax bills. He apparently kept two luxury Trump Tower apartments: one for him and another for his cats, noted The Guardian's Marina Hyde, while his Amex bill allegedly reached $29m. "It was always going to take the intervention of law-enforcement agencies" to get to the bottom of Fifa's dodgy dealings, said Matt Dickinson in The Times. Let's hope "the biggest cleansing job since Hercules set about those stables has only just begun".

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up