Corruption hits economic growth – and markets can do nothing to stop it June 2, 2015 Sepp Blatter’s resignation as president of Fifa comes after a week of scandal for the global football body. Among soccer fans, sadly, the organisation has become a byword for sleaze. England spent £21m on the campaign to secure the 2018 World Cup. The height of our attempts to influence the delegates seems to have been [...]
FBI target Blatter as Fifa kingpin quits at last June 2, 2015 President calls time on 17-year reign amid corruption probe BESIEGED Sepp Blatter is believed to be under investigation by the FBI after shocking football by suddenly quitting the presidency of scandal-hit world governing body Fifa yesterday. Blatter, 79, brought an abrupt end to his 17-year reign with a hastily-convened speech, saying he did not feel [...]
Fifa presidency betting odds: Prince Ali Bin Al-Hussein favourite to replace Sepp Blatter June 2, 2015 After Sepp Blatter sensationally resigned from football's governing body this afternoon, one question remains: who will replace him? Read more: Here's everything you need to know about Prince Ali Bin Al-Hussein Not surprisingly, Paddy Power has Prince Ali Bin Al-Hussein, the only credible challenger to Blatter in the recent election, at 7/4, as one of [...]
Sepp Blatter resigns as president of Fifa June 2, 2015 Fifa boss Sepp Blatter resigned from his presidency of the organisation, after weeks of accusations in the run-up and following his re-election as president. Read more: Blatter's Fifa reign is four times longer than the average FTSE boss In a last-minute press conference called this afternoon, Blatter said the organisation "needs a profound restructuring", and [...]
Rabbatts resigns from Fifa role in protest at Blatter June 1, 2015 FOOTBALL Association (FA) board member Heather Rabbatts yesterday quit her role on Fifa’s anti-discrimination task force in protest at Sepp Blatter’s re-election as president. The anti-discrimination task force was chaired by Fifa vice-president Jeffrey Webb of the Cayman Islands, who is one of seven serving officials of the embattled world governing body to be arrested [...]
Culture secretary confirms UK government will push for Fifa reform June 1, 2015 The UK government has said that it will do all it can to bring about change in Fifa, following the "disappointing" re-elected of president Sepp Blatter. Secretary of state for culture, media and sport, John Whittingdale, echoed Prime Minister David Cameron's calls for Blatter to step down. Amid arrests of senior Fifa officials over corruption [...]
Fifa corruption: What businesses can learn about the need for cultural change, rather than blaming individuals June 1, 2015 Whenever a large organisation gets into public trouble, the search for a scapegoat begins and the organisations are often relived to serve one up. Institutional illegality is all very well, but it does not appear to be interesting until we can put a face to the crime and a name to the nastiness. After [...]
Jack Warner: Indicted Fifa executive falls for satirical The Onion article June 1, 2015 Indicted Fifa executive Jack Warner has accused the USA of "double standards" over its attack on football's governing body…and used an article from satire website The Onion as evidence. Read more: Dyke urges Platini to lead World Cup boycott Fifa's former vice-president, arrested last week as part of a Department of Justice (DoJ) investigation into fraud [...]
Fifa crisis: UK banks HSBC, Barclays, and Standard Chartered get drawn into corruption scandal June 1, 2015 Three of Britain’s leading banks are conducting investigations into whether they cleared payments related to the ongoing Fifa corruption scandal. HSBC, Barclays, and Standard Chartered are all understood to have launched internal probes, after the FBI arrested current former Fifa executives and associates. Barclays and HSBC yesterday declined to comment. Standard Chartered said [...]
Fifa crisis: Barclays, HSBC and Standard Chartered to launch internal review following FBI investigation May 31, 2015 Barclays, HSBC and Standard Chartered are all believed to have launched internal investigations into their role in the Fifa corruption scandal that has engulfed world football this week. The British banks were all named in the US Department of Justice's (DOJ) lawsuit against 14 people – including nine Fifa officials – for racketeering, wire fraud and [...]