Call for reforms in Fifa gains momentum
The structure of the rich non-profit organisation that perpetuates influence of its top leaders draws more flak
New York
KNOWN as the beautiful game for the on-field spectacle, soccer has operated for decades under an ugly cloud of allegations related to match-fixing and bribery in connection with the hosting of the World Cup.
At the centre of soccer's immense global influence sits Federation Internationale de Football Association, better known as Fifa, a Swiss-based organisation that serves as the umbrella governing body for the sport.
Wednesday's revelations - a 47-count indictment brought by the US Justice Department, arrests of executives gathered in Zurich for annual meetings and a raid of affiliated offices in Miami - shook Fifa like no investigation before it.
The charges were by far the most powerful strike against Fifa - and perhaps a watershed moment for the governing body of the world's most popular sport - and intensified calls for reform to an organisation that has long drawn fans' ire over corrupt leaders and a structure …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
How Hudson Yards went from ghost town to office success story
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Cordlife calls for trading halt after shares sink to all-time low, pending announcement
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192 amid loss allowances