Summary Of The 2014 FIFA Scandal

1983 Words 8 Pages
THE 2015 FIFA SCANDAL ON CORRUPTION

Prepared for
Professor Campbell
Robert Morris University

Prepared by
Aminat Soyege

June 29, 2015

The 2015 FIFA SCANDAL

Contents
Executive summary iii
INTRODUCTION iv
Discussion 1
Stake holders 1
Resolution 4
Conclusion 5
Reference 6

Executive summary
In mid-2015, the billion dollar nonprofit football association (FIFA) found itself in the midst of an FBI led investigation into corruption. At the of May 2015, fourteen people were arrested in connection to an investigation by the United States Federal Bureau of Investigation (FBI) and the Internal Revenue Service Criminal Investigation Division (IRS-CI)they were being arrested and investigated for wire fraud, racketeering, and money laundering. The investigation revolved around the collusion between
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This international governing body is based in Zurich, Switzerland and oversees football or soccer to the North Americas and Futsal or beach football founded in 1904. The Association comprises of 209 national associations and is in charge of organizing the world tournament known as the world cup. The women’s world cup, and most international football tournaments formally classified as an association of associations with a non-commercial not for profit purpose. FIFA nevertheless, generates millions of dollars annually in profits by selling its Tv and marketing rights and thanks to big name sponsors for example Fox: an American broadcast network won the rights to showcase the 2018 and 2022 world cups for a reputed $425million dollars and in a surprise twist their rights also extended until 2026 without opening up the bidding process to other companies. Furthermore, in 2014 the Brazil world cup generated almost $5billion dollars in revenues and after expenses a total of 2.6 billion dollars in revenue and after expenses a total of 2.6 billion dollars in profit for the

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