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How FIFA Makes (And Spends) Its Money
Following today's "successful" vote confirming Sepp Blatter's 5th term running the farce called FIFA, and amid soccer's governing body being investigated by US and Swiss authorities over claims of corruption, we thought a summary of just where the money comes from and (apart from the $150 million in bribes and kickbacks to 14 executives) where it goes for the Swiss-based entity...
How does the Zurich-based multi-million-pound organisation make its money and what does it spend it on?
The US-led part of the twin investigations is looking at corruption among members of the Concacaf and Conmebol, the confederations that represent national associations across the Americas and the Caribbean, but the entire structure is considerably more broad...
Any uncertainty around the World Cup is a major concern to the organisation. Fifa's own financial reports give a clear indication of how reliant the organisation is on the income each tournament generates.
The World Cup is the most lucrative sporting event in the world, eclipsing even the Olympics. The 2014 qualifying rounds and final tournament brought in $4.8bn (£3.1bn) over four years and, after costs are taken into account, Fifa made a profit of more than $2bn.
Profit from the 2014 World Cup
How much money does Fifa hold on to?
Fifa re-invests the majority of its revenue but it does hold on to a proportion of any profit to create a cash reserve. Fifa says that the reserve is important as it is extremely difficult to find insurance to cover the possible last-minute cancellation of a World Cup.
The value of this reserve has grown sharply in the last decade from $350m (£228.6m) in 2005 to more than $1.5bn (£1bn) in 2014.
The US indictment alleges over $150m (£97m) in corruption during a period of over 20 years. That currently equates to around 10% of the money Fifa has on hand for emergencies.
A further worry for FIFA is that its sponsors and "partners" (extra-privileged sponsors) seem displeased by the latest bout of scandals. Coca-Cola are concerned that such accusations have “tarnished” the World Cup. Visa has warned that it may reassess its FIFA sponsorship unless the organisation can come to grips with its internal problems.
That is money FIFA will not want to lose. Marketing is a cornerstone of FIFA’s swelling balance sheet, accounting for about a third of its $2 billion in yearly revenues.
Increased interest in football from Asia and Africa has swelled the flow of money from television-broadcasting rights. A favourable tax status in Switzerland helps too: FIFA only pays around 1% of its income to state coffers. With cash rolling in, the organisation has built up healthy reserves of $1.5 billion, ostensibly for a rainy day.
At long last the storm clouds appear to be gathering.
Source: The BBC and The Economist
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However, the most importantchart for FIFA is the following... Spot The Odd One Out...
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The truly monumental corruption is always international in nature. If you don't believe me just take a close look at the BIS for proof.
It takes a global village to effect the best scams.
Corruption....
Corruption everywhere...
True.
But the USA has no dog in this fight.
Time they were taught a lesson by being expelled from FIFA.
Cant be worse than how the FED makes its money.
It's important to remember that Satan enjoys anal sex, so please try to avoid it. Thank you.
C'mon now, this is a distraction about a distraction. How meta. Eyes on the prize folks!
America investigating corruption. Wow. Maybe the SEC, CFTC, DOJ could bring their expertise to the enterprize? So much easier to stick your nose and point your finger outside your borders and jurisdiction.
Just another attempt to direct attention from slimy America and to screw Russia (out of the 2018 World Cup)
It is a case of the pot calling the Kettle black. With the bankers getting away with rigging markets to the tune of trillions in profits and all they get is a slap in their slimy collective hands. It is nothing but theater. Call me when the bring out lions and the Christians. The whole thing is immoral.
Why exactly are the U.S. & U.K. so intent to remove Blatter?
U.S. Conspires With Switzerland To Underhandedly Remove FIFA President
Isn't McD's a 'proud sponsor' of this indicted group?
Let the sponsors quit..... plenty of others waiting in the wings, to host the most popular sporting event in the entire world!
The real question is why is the USSA prosecuting Non US citizens for supposed crimes committed outside of the US? The legal claim is based upon the supposed facts that bribes were paid in USD, and transited US banks. Next time, I'd suggest that all bribes be paid in Yen, Euros, Rubles or Yuan to avoid USSA imperial over reach.
BTW, anything coming out of the Economist and BBC is just USSA sponsored dis info. Having failed to block Blatter's re election, he can give the finger to the US State Dept, as long as he doesn't visit Disneyworld.
The whole thing is strange. Why spend so much time, energy and money prosecuting these foreign folks when there are dozens of criminals walking free on Wall Street?
I can't figure it out? What horse does our DOJ have in this race?
The horse (face)in the race is Kerry.
The horse they are trying to hamstring is Russia.
It's foreign policy disguised as concern for the law, dutifully proliferated by the MSM, liar for hire, disinfo sluts.
Someone in an important soccer nation should start a change.org petition calling on FIFA to expel USA from FIFA for politicising and damaging FIFA and damaging soccer by creating lawsuits based on nearly trivial and entirely trumped up claims of jurisdiction.
FIFA may indeed have big corruption problems and they MUST be properly investigated - but it is 100% not any business of USA which is damaging soccer by getting involved.
As a consequence USA should be thrown out of FIFA.
Biden's son-in-law needs a job
Netanyahu said on Thursday that banning Israel from FIFA would lead to its destruction
http://www.thejc.com/news/world-news/137027/netanyahu-warns-blatter-expe...
Important News.....
McCain urges to bomb FIFA....
McCain Urges Military Strikes Against FIFAIt's satire, but the worst thing is that it's credible, I almost forwarded the article to a couple of contacts in Switzerland as if it were real news - and I don't usually fall for fake news.
There is nothing more corrupt than our government. How does a speaker or the house make enough money to pay off a dude three million dollars, considering his previous job was a high school teacher. Corruption is rampant.
Geeze! He shoulda just copped to liken a meat sanwich from one of his wresslers!
Now if they send him to jail, he'll be in big paradise! Good luck MF!
They are all rotten coc...people!
Ya know what? SUCK IT EVERYBODY! WE ELECTED THIS TRASH! INCLUDING DA BSLMFWBIC.
A sad reflection on who we are. They warned us that television is a wasteland.....if it ain't on Tvee, it ain't happenin......till it happens.
Geeze! He shoulda just copped to liken a meat sanwich from one of his wresslers!
Now if they send him to jail, he'll be in big paradise! Good luck MF!
They are all rotten coc...people!
Ya know what? SUCK IT EVERYBODY! WE ELECTED THIS TRASH! INCLUDING DA BSLMFWBIC.
A sad reflection on who we are. They warned us that television is a wasteland.....if it ain't on Tvee, it ain't happenin......till it happens.
There is nothing more corrupt than our government. LOL!
Enron
Worldcom
Tyco
HealthSouth
Freddie Mac
Fannie Mae
AIG
Lehman
Madoff
Stanford
Cioffi and Tannin
Strafaci
Petters
This list is endless.
All those you name are "ALSO " corrupt , not "more" corrupt than your government.
Can't see Stanford pulling off a 9/11 or a bank invading Iraq.
Agreed - All centers of power and money are corrupt (or eventually become so). Government has no monopoly on that.
And don't too sure about your last statement - corporations may not invade [insert someplace], but they can and will drive the invasion.
... and all the "boards" did shrink!
Regards,
Cooter
Something about glass houses and throwing stones comes to mind.
That top guy is to big to jail, or even arrest because he said, "I know nothing about this but I will find out". He just got elected for another four year term. ROTFLMAO
Blatter: making a ton of money from a bunch of guys kicking a ball around. I'm sure he gets to enjoy hookers and blow too. Life is good for Mr. Blatter.
Time to feed some of these crooks into a wood chipper feet first - slowly. But I would try it out with bankers and politicians first. You can never be too careful.
I think his blatter is full.
There are thousands of American CEOs, US senators and governors who are 10 times worse than Blatter. Who have taken bribes offered by the CIA, but not exposed by them yet.
Anybody here ever hear of Dennis Hastert?
Hastert is another corrupt Chicago/ Illinois guy Forget the underlings - off the top. Governors Walker, Ryan Blago jailed - the last 2 at the same time. Another former Speaker (or maybe Chairman of House Ways Means) Chicago - Rostenkowski - jailed. Mel Reynolds, USRep and Rhodes scholar - jailed. Jesse Jackson JR - Chicago US Rep jailed for trying to buy Obama Senate seat after O became Prez. Others feel free to add to the list
Hastert is a perv
Or the Keating Five?
Regards,
Cooter
Like most big time sports, it's a hive of scum and corruption
Poltical football timeline...follow the play...if you can
May 19, 2015
http://www.theguardian.com/world/2015/may/19/israel-faces-fifa-suspensio...
Israel is facing a vote to suspend it from world football’s governing body over claims that it discriminates against Palestinian footballers in the occupied territories.
The Palestinian Football Association said on Tuesday it was determined to push ahead with the vote on 29 May at the Fifa congress in Zurich, which could see Israel follow South Africa’s apartheid-era regime and Yugoslavia – the only countries to have been suspended by Fifa.
May 28, 2015
http://www.independent.co.uk/news/world/europe/fifa-corruption-arrests-l...
Sepp Blatter has made his first public appearance since the corruption scandal rocked Fifa at the organisation's annual conference, and admitted that while 'more bad news may follow' he 'can't monitor everyone all of the time'
May 29, 2015
http://www.independent.co.uk/sport/football/international/fifa-bomb-thre...
An anonymous bomb threat has been made at the venue of the Fifa congress in Zurich, Swiss authorities have confirmed.
Zurich Police said: "We can confirm the receipt of a bomb threat."
May 29, 2015 9:10 PM
http://www.haaretz.com/news/diplomacy-defense/.premium-1.658771
Immediately after Palestinian Football Association President Jibril Rajoub announced the Palestinians were withdrawing their proposal to suspend Israel from FIFA and stepped down from the congress' stage in Zurich, the entire debate regarding the event turned into an embarrassment.
For a few minutes, FIFA President Sepp Blatter tried with little success to explain to the hundreds of delegates present what exactly they will be voting on. It is doubtful if the wheelers and dealers representing the soccer associations of Zambia, New Caledonia, Lichtenstein – or any other of the 200 countries sitting in the hall – had any real understanding of what their colleagues from the Middle East were up in arms about.
Prime Minister Benjamin Netanyahu, who ran a diplomatic war room from the Rimonim Hotel in the city of Safed where he is vacationing with his family, can be pleased and claim another tactical win for himself. While Netanyahu feared he would be pummeled by multiple goals, he managed to walk away with a respectable draw.
Meanwhile, the Palestinian demand to suspend Israel from FIFA has been dropped from the docket. On the other hand, the predominantly justified claims of the Palestinian Authority against Israel regarding the restrictions it imposes on Palestinian soccer does remain on FIFA's agenda.
May 29, 2015
http://www.dailymail.co.uk/sport/sportsnews/article-3102014/Sepp-Blatter...
Sepp Blatter declared himself the 'president of everybody' following his re-election as FIFA boss - and claims to have a 'secret plan' to improve the rock-bottom reputation of world football's governing body.
His 133 to 73-vote victory drew widespread condemnation, with former Manchester United executive David Gill quitting his role within the corruption scandal-hit organisation.
It raises the possibility that UEFA, European football's governing body, will order national teams, including England to boycott the next World Cup, Blatter's cash cow tournament, if he doesn't quit.
May 28, 2015
And not to lose the big picture..or the kicker that makes this a possible twofer:
http://www.nytimes.com/2015/05/29/sports/vladimir-putin-fifa-corruption-...
First, there is the distinct possibility that the Kremlin worries that the fallout from the scandal will cost Russia the right to host the 2018 World Cup.
Russia is expected to spend $11.5 billion on new stadiums and other infrastructure projects that have already started, according to government statistics. In the past, such lucrative contracts often went to Kremlin favorites. After the resounding success of the Sochi Olympics at home despite a boycott by Western leaders, Mr. Putin is most likely looking forward to 2018, when he will be up for re-election.
“I think that the developing FIFA scandal really is seen by the Kremlin as a prelude to a possible cancellation or denial that Russia host the 2018 World Cup,” said Konstantin von Eggert, an independent political commentator.
I didnt see the cash bribe ledger, you know the account that gets credited when they* choose the largest debt option for the next tournament.
Billions in bonds were issued, just like the Olympics, its not a coincidence they always choose the moar debt location.
I bet fifa doesnt get fair value for the world cup broadcast rights, they discount it and get the difference in cash split with the broadcasters.
DOJ Jerk Offs. We have years of shit to be prosecuted in our domestic courts, now Ms Lynch thinks she needs to spend millions to be another World Cop.
Oh yeah, far more corrupt than the NFL...
ROFLMFAO
Dont forget about Chuck "Buffet Slayer" Blazer whose jowls have their own freakin zip codes
https://fusiondotnet.files.wordpress.com/2014/11/114985471-e141489686850...
Indict the foreigners!
Especially those outside the financial industry.
America is a slowly sinking leaking ship.
It's leaders are trying to close as much of those leaks. And if possible also block large funds that can used as reserve capital. You know like funds from Libya, Iran etc.
So, I would not be discussing Blatter at all. He is insignificant. As Putin actually pointed out correctly, U.S. Is reaching too far out to get their hands on moar...money.
It is always about money. Ask Hillary. She knows
Rampant corruption in FIFA - or substitute Comex, Wall Street, SEC, NFL, NBA, Olympics, etc, etc.
Any sport or event that has big TV revenue is corrupt - whether it is TV rights, sponsor rights, team re-location, league expansion, steroids, Super Bowl host locations, etc -- big money changes hands under the table.
+1
As a former (now retired) Manager and sometime Director of the Cayman Islands Chamber of Commerce, it grieves me that these Islands are doomed to come out of this affair with a worse reputation than ever. The fact that FIFA's Vice President (no pun intended) is a citizen of Cayman doesn't help. But even if he weren't involved in the present ruckus, we would be in a public-relations nightmare soon enough.
As one of the most popular international "offshore" tax-havens, we have to expect this sort of thing from time to time. In several blog-posts I have tried to get the message across that offshore havens are simply the conduits for the transfers of criminal proceeds. The principals are the world's banks and international traders of all kinds.
Earlier this year I posed the question "Who sold ISIS all those Toyotas?" - which can be found by searching for those words in Google. The year before, I outlined "what offshore tax havens do" - also available via Google, if you use the quotation marks.
So. I'm anticipating a little bit, but the flak is bound to hit us soon. Those who would like to get some facts under their belts ahead of time - I hereby invite you to do just that.
So, Gordon Barlow, how did ISIS procur the yodas?
If you have intimate knowledge then share it with the world.
Give us sheeple the inside Cayman bankster low down.
(I wonder if that makes me a Putin trollster, writing that shit?)
I don't know. Better ask the international banks; they might know.
Until the other day I didn't know what a FIFA was.
Now I know that it is the latest target of Zion's plunder.
Liberty is a demand. Tyranny is submission.
Seriously.
Liberty is a right not a demand. A demand suggests a proposition or exchange which makes it potentially subject to a claim and thus lienable. Which a right is not. Nor can it ever be. To wit:
http://www.breitbart.com/big-government/2013/09/23/what-did-thomas-jeffe...
When Thomas Jefferson crafted the Declaration of Independence, he pointed to “certain unalienable rights” with which we were endowed by our “Creator.”What did he mean when he wrote the phrase “unalienable rights,” and what rights are “unalienable”?
Jefferson understood “unalienable rights” as fixed rights given to us by our Creator rather than by government. The emphasis on our Creator is crucial, because it shows that the rights are permanent just as the Creator is permanent.
So how about... instead, perhaps:
Liberty is a right...Tyranny, its theft.
At the very least this summation sets the context for the reality being that we live in times of criminal transgression that merits prosecution by due process of law.
Revolution feeds tyranny. Restoration protects, preserves and strengthens liberty.
it takes at least 1 billion USD in Campaign funds to become the President of the USA.
then you are captive to all the "special Lobby Groups" and "special think tanks"to ripp off the world,
by what is one of the most corrupt system in the world, the USA.
they even sent live Anthrax to themselves via the Pentagon and to cover up US corruption like the Hillary's Clinton faundation frauds,
they try to divert attention with FIFA, a sport they only recently got interrested in, because Sepp Blatter made it into a successful Business.
Fuck the meddling USA Government.
the USA has lost all credibility and no one can even take them seriously anymore.
the USA are becoming increasingly irrelevant in World affairs,
since all they do is meddle and fuck up world - affairs.
The EU has 500 million people the BRICS nations another few billions, so who is the USA Government with their 300 million people
to dictate to US ?
Fuck the USA administration and their corrupt meddling Governments.
Fuck the US warmongers - the whole USA is a conzentration camp, prisons are overflowing
and every day I thank God that I don't have to live in that fucked up fascist police-state.
WR;)
"it takes at least 1 billion USD in Campaign funds to become the President of the USA."
It's even more absurd when one considers that the puppet, president, is selected long before the the actual sheeple census, election, has been staged.
Liberty is a demand. Tyranny is submission.
A well maintained arsenal is a well maintained "vote."
FIFA is small potatoes compared to the corruption and money laundering perpetrated on an ongoing basis by Swiss Timing. Swiss Timing launders money for the Swiss banking system through the Olympics and World Cup events in ski racing, bicycle racing, equestrian, athletics and many other IOC sports. If you google "SWISS TIMING CORRUPTION INDICTMENT" you can read all about when Swiss Timing got caught laundering money through the Commonwealth Games in India in 2010. Of course the Swiss govt did nothing, they refused to arrest any of the Swiss Timing executives indicted by the FBI in India. The Commonwealth Games is the only time in the last few years Swiss Timing was actually caught, but they have agreements with FEI (equestrian), FIS (ski racing), UCI (bike racing) and many of the other Swiss-based IOC Federations which allow them to pursue their financial hanky panky via sports.
Even more disturbing are the shadowy ties between Swiss Timing and BetAndWin.com, Europe's largest sports betting site. You have Swiss Timing, which is IN CHARGE OF RESULTS at many of Europe's largest sporting events, tied to online betting on those sports. Finger on the scale, perhaps?
So is Blatter an escape artist or how did the corrupt scoundrel escape the dragnet? You're telling me not a single person dobbed him in to save his own skin? I'm guessing they're all on a very lucrative deal (heck anyone who is a FIFA delegate would probably do anything to stay on that gravy train) so why dob in the hand that feeds...
It's still extraodinary he's got a away and got easily elected by delegates, he is truly Mr Fifa...
Sadly, the truth is he did make Fifa what it is, I'm sure he can appeal to all his Fifa delegates and plea to keep to the family together when being attacked from outside forces...
Just please, don't ruin the World Cup... even though it's going to be incredible to think how or who is going to Russia in 2018, no matter how much the bribed Fatter to get it
You really believed FBI filth can come to any country in Europe and arrest anybody ? What the fuck is wrong with you, emerikens?
I will ruin your 2018 cup.
Argentina beats France 2-1 in final.
Look above ... they make 338 Million profit and he has everyone in his pockets.
He does his bribes the legal way, by unspoken quid pro quo and the board determining his salary. Honest corruption is for the little people.
Will the Anglozionazi Empire of Chao$ launch Pentagon Kill Industries and invade Fifaland, do a Nuland NAZI Kiev Putsch and ban those pesky Ruskies from ever touching a football again?
TV 'rights' .... marketing 'rights' ...... what are these are 'rights' exactly?
How does one go about 'owning' a 'right'?
soon fifa can create its own state
the elected leader will be van rosenberg and its second face will be steinberg
its monetary policy will be done by bernankes son because (they are a family) they managed the (artificial) crisis with success (tru the way of printing money and give it to them selves), wich lasts from 2007 till (present) 2009
It seems that the United States just can’t prevent itself from protecting Apartheid Israel. Just when it seemed that even U.S. government opinion was turning, the U.S. decided to arrest several members of FIFA (The Fédération Internationale de Football Association; English: International Federation of Association Football or International Federation of Soccer) the day before FIFA was to vote on expelling Israel. The Palestinian Football Association (PFA) had made the request for the vote, based on several Israeli violations of the FIFA charter. These include the following:
Disabling two promising young Palestinian soccer players, Jawhar Nasser Jawhar, age 19, and Adam Abd Al-Raouf Halabiya, age 17. Israel Defense Forces (IDF) terrorists shot them multiple times in the feet as they walked home from soccer practice on January 31, 2014. Mr. Jawhar was shot in the feet ten times; Mr. Halabiya, once in each foot. They are lucky they can walk; they will never be able to play soccer again.
The rampant corruption of the FIFA is legendary, yet it remains the most viable and, for some reasons, prestigious, soccer association in the world. The expulsion of Israel would send a worldwide message, one that apparently the U.S. isn’t quite ready for the world to hear. What better way to derail it than by arresting several high-ranking FIFA executives, avoiding the vote and the most unpleasant news headlines it might have generated? All FIFA news now will be on the arrests, and that news will fade quickly; few people really care enough to pay attention. But Israel can breathe a sigh of relief, knowing that it once again, thanks to its mentor, dodged another international bullet in its reputation.
Yet it remains wounded; social media is now the prosecution, judge, jury and executioner, wresting those roles from a very resistant U.S., which sees those functions as its sole province. How dare anyone take from U.S. corporate-owned media the role of telling people what is important, and what can be ignored!
But Facebook, Twitter and several other sites have done just that, widely publicizing Israel’s many war crimes, and U.S. complicity in them. As a result, more and more schools and churches are divesting from Israeli companies, fewer entertainers are willing to perform in Israel, and distinguished academics are rejecting invitations to participate in events in Israel.
Well, if the U.S. can’t control the flow of information anymore, it can outlaw that which it doesn’t like. Across the nation, there are measures to stifle protests against U.S. support for Israeli apartheid, and the main targets are the Boycott, Divest and Sanction (BDS) movement and, incredibly, university campuses. The old paradigm of institutions of higher learning as places where students confront new ideas, and are challenged to step out of their comfort zones is, apparently, no longer valid. They are not places where people learn to think, but rather where they are educated to perform whatever jobs corporate America may have to offer, on whatever temporary basis that might be. Students must not be made to feel uncomfortable, as might be the case if a campus Palestinian support group dares to accuse Israel of violating international law. No, much better for the students to sit in their marketing class, learning how to sell some technology product, than care about the plight of brutally oppressed people.
Journalist Saree Makdisi, writing in the LA Times, said this: “What we witness in campus debates over Israel and the Palestinians is an increasingly lopsided affair. While one side draws on historical evidence, international law and United Nations documentation, the other complains that all this makes them feel ‘threatened’ and ‘uncomfortable’.
“Scholarship is not validated by how it makes us feel, however, but by the extent to which it stands up to reason and evidence. To prioritize feelings over arguments — and to police arguments to safeguard feelings — constitutes a dire threat to academic and intellectual freedom, not least because of the mobilization of outside political forces to intervene in on-campus discussions.”
But what is any of this, when ‘vulnerable little’ Israel is under attack? How is that nation expected to defend itself, when all it has to do so is the most advanced weaponry on the planet, and complete impunity from whatever international crimes it commits? Isn’t every criticism of Israel evidence of latent anti-Semitism, just waiting to rear its ugly head in the form of another Holocaust?
The answer, quite clearly, is ‘No’. There is no threat to Israel’s national security; surely, two teenage soccer players can’t be seen as such.
Yet this mindset of a threat everywhere is one that Israel shares with the U.S. One incident is informative. In 1991, a Marine, Corporal Jeff Paterson, refused deployment to the Gulf War. He was charged with desertion, and his actions with ‘threatening the security of the United States’. That the U.S. can seriously believe that one obscure, although outspoken, U.S. Marine could threaten its security by refusing deployment seems to mirror the mindset of Israel, which sees every criticism as threatening its very existence.
Yet identifying and criticizing the horrendous human rights violations of any nation is the responsibility of all global citizens. That the U.S. Congress is owned by the American Israel Political Affairs Committee (AIPAC) will not be enough to protect Israel forever; the cracks in the protective wall that were first exposed by the BDS movement grew with the 2014 genocidal bombardment of Gaza, and have only widened since then. Israel’s desperate attempts to cling to some semblance of legitimacy were all crushed with the formation of the new, racist, apartheid government. The world has awakened; Palestine will be free.
http://www.counterpunch.org/2015/05/29/palestine-israel-and-dissent/
Thx
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Apparently Blatter made a deal with Netanyahu keeping his head above the water for the remaining of his FIFA presidency...
The KHAZARIAN time it perfectly...No?
Clinton Foundation took at least $1,250,000 from Qatar and World Cup committee embroiled in soccer bribery scandal - and up to $100,000 from FIFA itself
Read more: http://www.dailymail.co.uk/news/article-3099839/Clinton-Foundation-took-...
This is not all. In that time one Clinton was secretary of state and another honorary chairman of comitee for organize world cup 2022 in USA. After exposion that Ukrainian oligarchs sponsored Clinton's campaign...
So many questions. They've already been convicted in kangeroo sports court in the US.
imo, soccer originated as an ideal game for third world countries: all you need is an open space, some rocks to mark the goals and an inflated goat bladder and it's game on! btw, what kind off game can be played to a scoreless tie?
The FIFA has been a corrupt mess for decades, Blatter hands out gifts to third world countries for votes left and right.
I once worked as a Financial Auditor (left that job because it was sickening and the hipocrisy unbearable). Long story short:
Looking at that chart with OTHER > 649 Million makes me smile, because we often audited firms and organizations that loved to stuff strange things (read: hookers and blow) into mysterious, non-descriptive accounts called "other". These where usually the first ones we would audit.
One company had an account for "Security" and a Sub-account to register the costs for the 2 security dogs (they had 2 Dobermans on Night watch patrol). Me and another auditor pissed our pants laughing, because the stupid CFO was registering bribes on that account (and probably expenditures with hookers). That account was blown out of proportion and the poor dogs had to take the blame. :-D
They where also slim dogs...no way they could be eating so many dog bones. Dog bones for 100 years...
Givin me some good ideas
Hey!..That's
call CREATIVE ACCOUNTING!..
exactly. FIFA is a band of mobsters, kicking balls
Following a meeting last month with Bibi in TA Blatter at yesterday's meeting refused a vote on the Israeli expulsion issue. That's why he stands alone, unindicted.
If FIFA is a private organization they can be as corrupt as they want to be. Lets try throwing the public servants in jail for paying FIFA bribe money out of the public treasuries.
Just like oil, that FIFA thing has RUSSIA written all over it.
Just like for Oil and monetary depreciation fights the Oligarchs's statist minions now tear into each other's guts.
FiFa is a basket case of Sports being used by Oligarchy giants who rip off huge profits from these mega events--along with crony statists who stage them with taxes and moar debt-- so that sports joins the bubble o nomics galaxy of Oligarchy supremacy.
This is nothing new, the Olympics have been a huge rip-off game since over 60 years; since TV took over and generated huge potential for selling oligarchy products to billions of humans. Montreal 1976 fiasco comes to mind...
Fifa like Olympics is OWNED by the corporate conglomerates who finance these organisatiions and pay huge kick backs for juicy sponsorship deals that generate huge margins.
But, the fight is now along political and ideological lines : US/UK/UEFA vs third world and BRIC nations with the Oligarchs looking on, like the Oil Majors, as THEY will win WHEREVER these events occur. The statists fight and the Oligarchy laffs all the way to the bank.
This show will go sour once the deflation hits the Oligarchy world and the cost of these events will surpass the return they bring to crony alliances. And that is why control of these organizations is a key first step in determining who will run the show to determine where the dough goes.
Looks like Blatter is NOT in the Anglo camp...hahaha, watch the night of the long knives now begin in land of foooootballl !