Sepp Blatter Paid £2.6m Despite FIFA Crisis

Details of the disgraced former president’s pay emerges as the governing body reports a £107m loss, mainly because of legal costs.

 

Sepp Blatter<img src=”http://media.skynews.com/media/images/generated/2016/3/17/453396/default/v1/gettyimages-502146490-1-206×116.jpg” class=”image__item ” alt=”Sepp Blatter” />

Blatter will continue to receive a pension despite the scandal

Former FIFA President Sepp Blatter was paid £2.6m in 2015 despite being banned from football for part of the year over his role in the corruption scandal that has engulfed the organisation.

FIFA published the president’s salary for the first time in its annual report for 2015, which also revealed it made a £107m loss for the year, in large part because of the legal cost of responding to criminal inquiries from the US and Swiss authorities.

It is the first time FIFA has made a loss since 2002, and is attributed to legal fees estimated at £7m a month, and the cost of staging extraordinary meetings to tackle the crisis that has seen numerous officials indicted in the US on corruption charges.

FBL-FIFA-BLATTER<img src=”http://media.skynews.com/media/images/generated/2016/1/13/440889/default/v1/gettyimages-456133758-1-206×155.jpg” class=”image__item ” alt=”FBL-FIFA-BLATTER” />

Valcke, who was given a nine year ban, received £1.52m for the year

The cost of legal matters is listed in the accounts as $62m (£43m), and a loss of sponsorship revenue will also have contributed to the shortfall in 2015.

Blatter was provisionally banned from football last September after the Swiss attorney general opened a criminal investigation into a £1.3m payment he authorised to Michel Platini.

Paul Kelso in the Fifa museum<img src=”http://media.skynews.com/media/images/generated/2016/2/24/449027/default/v1/cegrab-20160224-140614-536-1-206×116.jpg” class=”image__item video__teaser-image” alt=”Paul Kelso in the Fifa museum” />

He continued to be paid however, because the case was subject to FIFA’s independent disciplinary process.

The report also reveals that former secretary general Jerome Valcke, himself banned for nine years, was paid £1.52m for the year.

His pay was revealed as the Swiss attorney general announced he had opened criminal proceedings into the former secretary general “on suspicion of various acts of criminal mismanagement … and other offences”.

The total pay of FIFA’s senior executive for 2015 was $27.9m (£19.26m).

Both Blatter and Valcke will continue to receive a pension.

FIFA implied it was powerless to stop them receiving the payments under Swiss law.

The salary of Blatter’s successor Gianni Infantino is not disclosed in the report as it covers the period before he took office last month, but FIFA has confirmed members of the executive committee receive $300,000 per year (£207,000) plus “daily allowances while on duty”.

Ex-co members are also entitled to pension payments if they have served as members for more than eight years.

 

The chair of the finance committee, currently Issa Hayatou of Cameroon, receives $500,000 (£345,000).

FIFA’s income for 2015 was $1.152bn (£800m) and the reports show that the budget for football development in the four-year cycle to 2018 will rise by $517m, reflecting Infantino’s election pledge to give more development funds to the national associations.

Despite the continuing scandal FIFA said it has made no provision for fines that might be imposed by the Swiss or US authorities, citing its legal “victim status”, and has increased its revenue forecasts.

Despite the bleak financial picture Infantino was bullish.

“With the recently approved reforms, I believe that we have turned a corner and that FIFA is poised to emerge stronger than ever,” he said.

“During my presidency, I pledge to make this happen and to lead FIFA into a brighter and more sustainable future so that we can all return our full focus to football.

“We saw in 2015 that FIFA’s competitions – such as the FIFA Women’s World Cup – remain an incredible opportunity for us to promote the game and to raise the funds we need to fulfil our core mission of football development.”

http://news.sky.com/story/1661932/sepp-blatter-paid-2-6m-despite-fifa-crisis

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