back in 2010 Russia and Kata secured the rights to Stage the 2018 and 2022 World Cups the recriminations accusations Scandal and Fallout for FIFA since that day has been Relentless in all 11 of the men who made those decisions have been fined banned suspended or under investigation in some way for a variety of different reasons that has led many to question the Integrity of the vote for the Qatar and Russia World Cups both countries deny any wrongdoing and say they always acted within the rules but FIFA's troubles were only just getting started top news story are those reports that six officials of L football's governing body FIFA including the vice president have been arrested at a hotel in Switzerland in the last hour news has emerged from Switzerland of police raids on a hotel in zui last year us prosecutors launched a series of raids that led to over 40 individuals and entities being charged with corruption and fraud offenses those arrested included high ranking FIFA officials including one of its vice presidents Jeffrey Webb the scale and audacity of the alleged fraud is staggering the 47c count indictment against these individuals includes charges of racketeering wire fraud and moneya laundering conspiracies spanning two decades this really is the World Cup of fraud and today we're issuing FIFA a red card Jack Warner a former vice president is accused of asking and receiving $10 million in funds from South Africa they both deny the accusation but a BBC investigation last year showed how Warner appeared to have distributed the cash around his business Empire in return for his support for South Africa's bid to host the 2010 World Cup the US authorities are continuing their investigations there are accusations too that $750,000 intended to help survivors of an earthquake in Haiti was siphoned off by officials and Jeffrey Weber former FIFA vice president and a man seen as SE blatter's successor is alleged to have received a swimming pool for his us Mansion as part of one bribe attorney general Loretta Lynch says the arrests are far from over to every culpable individual who remains in the shadows hoping to evade this ongo investigation you will not wait us out and you will not Escape our focus a Swiss investigation into how the catar and Russia World Cups were awarded is also underway but that inquiry has widened in September Swiss officials announced that se platter was under criminal investigation over a World Cup contract involving the Caribbean football Union head Jack Warner the TV rights to the 2010 and 2014 World Cups were bought for $600,000 Jack Warner's company sold them on for $18 million a profit of some $17. 4 million blatter is also under investigation for a payment of1 1. 3 million to the then head of European football Michelle platini here we go money has always been the Achilles heel for FIFA there have been previous scandals but the sheer size and scale of football and the TV money it attracts has led many officials to be tempted into wrongdoing the World Cup is everything to FIFA it's how it makes most of its cash it's the most lucrative sporting event in the world eclipsing even the Olympics the 2014 qualifying rounds and final tournament brought in $4.
8 billion dollar over four years and after costs are taken into account FIFA made a profit of over $2. 5 billion that added to FIFA's overall profits has left them with reserves of around $1. 5 billion but that money is starting to dwindle the US and swiss investigations are costing them a lot of money and many sponsors such as Sony Emirates Castel and Johnson and Johnson have not renewed their contracts FIFA gives out cash to countries around the world to help develop the game there are six Global confederations each one looks after the football associations in its continent in total there are 209 across the world during the 4-year period of the last World Cup each Confederation received $17.
