Bribes scandal could leave Fifa penniless

[Don1]

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

CONCACAF should remove itself from direct US oversight ASAP. The HQ obviously should be relocated to another jurisdiction... Panama City or even MoBay

Can't allow these people to run roughshod over wi ball game...Evvy likkle ting dem waan eggs up demself inna.. Dem ave fi dem own tings an nuhbaddy cyaan tell dem nutten doh

[Karl]

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