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THE £100million Fifa bribery scandal has left world football’s governing body close to financial ruin.
By Mike Parker
PUBLISHED: 00:01, Sun, Jun 7, 2015
American tax officials are poised to revoke its non-profit status in the US that allows it to operate tax-free.
Sources close to the US Inland Revenue Service inquiry confirmed Fifa and its North and Central American and Caribbean offshoot, Concacaf, could be “wiped out” by back taxes and interest of tens and possibly hundreds of millions of pounds.
Officials found guilty of accepting bribes will also be individually targeted by the IRS, which is working alongside the FBI and US Department of Justice.
One source said: “The face of soccer will be changed for ever. It may be impossible for Fifa or some of its subsidiaries to continue in their present form.”
http://www.express.co.uk/news/world/...ref_map=%5B%5D
By Mike Parker
PUBLISHED: 00:01, Sun, Jun 7, 2015
American tax officials are poised to revoke its non-profit status in the US that allows it to operate tax-free.
Sources close to the US Inland Revenue Service inquiry confirmed Fifa and its North and Central American and Caribbean offshoot, Concacaf, could be “wiped out” by back taxes and interest of tens and possibly hundreds of millions of pounds.
Officials found guilty of accepting bribes will also be individually targeted by the IRS, which is working alongside the FBI and US Department of Justice.
One source said: “The face of soccer will be changed for ever. It may be impossible for Fifa or some of its subsidiaries to continue in their present form.”
http://www.express.co.uk/news/world/...ref_map=%5B%5D
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