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Published: 12:00 | 16/3/16

FIFA aim to reclaim lost funds

FIFA have outlined plans to reclaim the funds that were lost through corruption.

World football's governing body has been rocked by scandal in recent years with a US investigation uncovering widespread corruption throughout the organisation.

It is estimated tens of millions of dollars have been lost through bribes and FIFA have lodge paperwork aimed at recouping some of the funds.

"FIFA today submitted documents to the US authorities in an effort to reclaim tens of millions of dollars pocketed illegally by corrupt FIFA members and other football officials," a statement read.

"In its capacity as a 'victimised institution,' FIFA has submitted a Request for Restitution to the US Attorney’s Office and the US Probation Office for the Eastern District of New York, claiming damages from 41 former officials of FIFA and other football organisations, including Chuck Blazer, Jack Warner, Jeffrey Webb and others who have been indicted in the ongoing investigation by the US Department of Justice.

"FIFA estimates that at a minimum tens of millions of dollars were diverted from the football community illegally through bribery, kickbacks and corrupt schemes carried out by the defendants. This amount is likely to increase as the investigation continues. The US government has already announced forfeiture amounts that should cover FIFA’s claims for damages.

"FIFA is seeking restitution for the money the defendants pocketed to enrich themselves, but also for the salaries, benefits and bonuses that were paid to them during their tenure at FIFA and other football organisations. FIFA is also seeking money from the defendants for the damage their actions caused to FIFA’s brand and reputation, its intellectual property and its business relationships."

In a statement, newly elected president Gianni Infantino said: "The convicted defendants abused the positions of trust they held at FIFA and other international football organisations and caused serious and lasting damage to FIFA, its member associations and the football community.

"The monies they pocketed belonged to global football and were meant for the development and promotion of the game. FIFA as the world governing body of football wants that money back and we are determined to get it no matter how long it takes.

"The defendants diverted this money not just from FIFA but from players, coaches and fans worldwide who benefit from the programmes that FIFA runs to develop and promote football.

"These dollars were meant to build football fields, not mansions and pools; to buy football kits, not jewellery and cars; and to fund youth player and coach development, not to underwrite lavish lifestyles for football and sports marketing executives.

"When FIFA recovers this money, it will be directed back to its original purpose: for the benefit and development of international football."

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