FIFA cuts funding to all countries in the Western Hemisphere

Date: 
Tuesday, February 2, 2016 - 00:00

World football governing body, FIFA has announced that it is cutting off its funding to the Americas, which includes the confederations of CONMEBOL and CONCACAF, both at the heart of the global football corruption scandal.

This means there will be no more big pay-outs from the world football HQ for the T&T Football Association or any other national football bodies in the region.

Most of the 41 people and entities who have been charged in the United States are associated with one of the two regional confederations.

“We can confirm that in light of current proceedings involving individuals related to CONMEBOL and CONCACAF, FIFA has put contributions towards these two Confederations on hold until further notice,” a FIFA spokesperson said in a statement to the international press yesterday.

“We are currently assessing further steps to be taken to increase the level of assurance which may again enable FIFA to release such funds in the future.”

CONCACAF will now be strapped for cash as it is did not apparently receive an anticipated $10 million in payments from FIFA, including World Cup revenues and money from the global body’s Financial Assistance Programme.

The last three regional federation presidents have been indicted by the US authorities in the corruption case, including Caymanian Jeffrey Webb, his predecessor Jack Warner from Trinidad and Tobago, and Honduran Alfred Hawit, who replaced Webb before CONCACAF announced it would not install a new president until this month’s summit.

CONMEBOL’s former president, Nicolas Leoz, and its most recent leader, Jan Angel Napout, both from Paraguay, were indicted along with several other leading officials.

FIFA released an animated video Monday ahead of this month’s summit spelling out the changes it has implemented in the wake of the scandal, including reducing the president’s power and transparency on earnings. The new governance structures will be mirrored by all of its member associations and countries.

SOURCE: https://caymannewsservice.com

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