FIFA Lawyers – former officials ‘awarded themselves $80 million’
June 3, 2016
Former FIFA President Sepp Blatter, former Secretary General Jérôme Valcke, and former Deputy Secretary General Markus Kattner have been accused of offering themselves bonuses and pay rises to the sum of $80 million by FIFA’s lawyers.
Attorneys for FIFA provided an update on the internal investigation and details on compensation for former top officials
The attorneys conducting the internal investigation into wrongdoing at FIFA, Quinn Emanuel, released information regarding details on contracts and compensation for the small group of former FIFA officials.
The investigation has revealed what has been described as ‘evidence of breaches of fiduciary duty’.
Bill Burck, a partner with Quinn Emanuel said: “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 CHF 79 million – in just the last five years,”
It also raises questions about the role of FIFA’s Compensation Sub-Committee.
FIFA believe the preliminary findings indicate that the payments and contracts warrant considerable further investigation and has shared this information with the Office of the Swiss Attorney General and it will brief the U.S. Department of Justice on the matters as well.
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